CALGARY, Oct. 11, 2013 /CNW/ - Caracal Energy Inc. ("Caracal" or the
"Company"), (LSE: CRCL), announces that it has filed a preliminary
short form base shelf prospectus ("Preliminary Base Shelf Prospectus")
with the securities regulatory authorities in each of the Provinces of
Canada, other than the Province of Quebec.
The Canadian regime of a base shelf prospectus allows the Company to
offer common shares, subscription receipts, warrants and debt
securities (collectively, the "Securities") or any combination thereof
up to an aggregate offering price of US$1,000,000,000 during a 25-month
period that a base shelf prospectus remains effective. Securities may
be offered separately or together, in amounts, at prices and on terms
to be determined based on market conditions at the time of sale and set
forth in an accompanying supplement that would be also provided with
the base shelf prospectus to investors. Unless otherwise specified in a
supplement, the net proceeds from the sale of the Securities under this
regime would be used for general corporate purposes, to repay
indebtedness and to fund capital expenditures.
Caracal has filed this Preliminary Base Shelf Prospectus to maintain
financial flexibility and to have the ability to offer the Securities
on an accelerated basis, once a supplement is filed over the 25-month
time frame. There is no certainty that any offering of Securities will
occur under this regime within the 25-month period.
A copy of the Preliminary Base Shelf Prospectus will be available on
About Caracal Energy Inc.
Based in Canada, Caracal Energy Inc. is an international exploration and
development company focused on oil and gas exploration, development and
production activities in the Republic of Chad, Africa. In 2011, the
Company entered into three production sharing contracts ("PSCs") from
the government of the Republic of Chad. These PSCs provide exclusive
rights to explore and develop reserves and resources over a combined
area of 26,103 km2 in southern Chad. The PSCs cover two world-class oil
basins with development opportunity, oil discoveries, and numerous
Certain of the information contained in this press release constitutes
forward-looking statements under applicable securities law, such as
estimates and statements that describe the Company's future plans,
objectives or goals, including words to the effect that the Company or
management expects a stated condition or result to occur.
Forward-looking statements are often identified by terms such as "may,"
"should," "would," "anticipate," "expects," "seeks" and similar
expressions. Although Caracal believes that the expectations and
assumptions on which such forward-looking statements and information
are reasonable, undue reliance should not be placed on the
forward-looking statements and information because Caracal can give no
assurance that such statements and information will prove to be
correct. Since forward-looking statements address future events and
conditions, by their very nature, they involve inherent risks and
SOURCE: Caracal Energy Inc.
For further information:
Caracal Energy Inc.
Gary Guidry, President and Chief Executive Officer
Trevor Peters, Chief Financial Officer
Longview Communications - Canadian Media Enquiries
FTI Consulting - UK Media Enquiries
Ben Brewerton / Ed Westropp
+ 44 (0) 207 8313 3113