PE-backed Seven Generations raises $931.5 mln from IPO

Seven Generations Energy Ltd has closed its previously announced initial public offering (IPO), raising aggregate gross proceeds of $931.5 million, exceeding its target of $810 million. The Calgary-based company is now listed on the Toronto Stock Exchange under the symbol “VII”. Seven Generations is focused on a liquids-rich natural gas property in northwest Alberta. Its leading private equity investors are ARC Financial Corp and KERN Partners, which were among its backers at the time of the company’s founding in 2008, and Canada Pension Plan Investment Board (CPPIB), which invested at a later date.

PRESS RELEASE

Seven Generations Completes $931.5 Million Initial Public Offering

CALGARY, Nov. 5, 2014 /CNW/ – Seven Generations Energy Ltd. (TSX:VII) (the “Company” or “7G”) is pleased to announce that it has completed its previously announced initial public offering (the “Offering”) of 51.75 million common shares (including 6.75 million common shares issued pursuant to the previously announced exercise in full of the over-allotment option) at $18 per common share for aggregate gross proceeds to 7G of $931.5 million.

The underwriting syndicate was co-led by RBC Capital Markets, Credit Suisse Securities (Canada), Inc. and Peters & Co. Limited and included BMO Nesbitt Burns Inc., CIBC World Markets Inc., Jefferies LLC, Scotia Capital Inc., TD Securities Inc., AltaCorp Capital Inc., National Bank Financial Inc., Canaccord Genuity Corp., Cormark Securities Inc., FirstEnergy Capital Corp., GMP Securities L.P., Macquarie Capital Markets Canada Ltd., Raymond James Ltd. and Leede Financial Markets Inc.

The Company’s common shares are listed on the Toronto Stock Exchange under the symbol “VII”.

This press release is not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia) or any other jurisdiction outside Canada. This press release does not constitute or form a part of any offer or solicitation to buy or sell any securities in the United States or any other jurisdiction outside of Canada. The securities offered pursuant to the Offering have not been and will not be registered under the United States Securities Act of 1933, as amended, (the “U.S. Securities Act”) or the securities laws of any state of the United States and may not be offered or sold within the United States other than pursuant to an available exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. There will be no public offering of securities in the United States.

About the Company

Seven Generations Energy Ltd. is an Alberta-based company engaged in the development of the Kakwa River Project (the “Project”). Located approximately 100 kilometres south of Grande Prairie, Alberta, the Project is a tight, liquids-rich gas and light oil project in the early stages of development. 7G has its corporate headquarters in Calgary, Alberta and its operations headquarters in Grande Prairie, Alberta.

For further information: Pat Carlson, CEO, 403-718-0700

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