/NOT FOR DISSEMINATION OUTSIDE OF CANADA/
TORONTO, June 3, 2014 /CNW/ - ShawCor Ltd. ("ShawCor" or the "Company")
(TSX: SCL) announced today that it has filed a preliminary short form
base shelf prospectus with the securities regulatory authorities in
each of the provinces of Canada other than Quebec, for the offering of
up to $500,000,000 of common shares, preferred shares, debt securities,
warrants, subscription receipts, share purchase contracts or units (the
"Securities"). The Securities may be offered from time to time during the 25-month
period for which the final short form base prospectus remains valid.
The specific terms of any Securities will be described in one or more
shelf prospectus supplements to be filed with the applicable securities
The preliminary short form base shelf prospectus will not become final
until a final short form base shelf prospectus is filed with the
securities regulatory authorities in each of the provinces and
territories of Canada and a receipt is obtained.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale or any
acceptance of an offer to buy these securities in any province or
territory of Canada in which such offer, solicitation or sale would be
unlawful prior to qualification under securities law of any such
province or territory. The securities herein have not been and will not
be registered under the United States Securities Act of 1933, as
amended, or any state securities laws and may not be offered, sold or
delivered within the United States of America and its territories and
possessions except in certain transactions exempt from registration
A copy of the preliminary short form base shelf prospectus filed with
securities regulatory authorities is available on SEDAR at www.sedar.com.
About ShawCor Ltd.
The Company is a global energy services company specializing in products
and services for the pipeline, pipe services, petrochemical and
industrial segments of the oil and gas industry and certain industrial
markets. It operates through eight divisions, with manufacturing and
service facilities located around the world. These divisions (or
business units) operate within two principal market segments, Pipeline
and Pipeline Services and Petrochemical and Industrial.
Note Regarding Forward-Looking Statements
Certain statements contained or incorporated by reference in this press
release may constitute forward-looking statements under applicable
securities law, such as 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," "anticipate," "expects," "seeks" and similar expressions.
There can be no assurance that the Company will proceed with any
offering of Securities. Although ShawCor believes that the expectations
and assumptions on which such forward-looking statements and the
information are reasonable, undue reliance should not be placed on the
forward looking statements and information because ShawCor 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: ShawCor Ltd.
For further information:
Vice President, Finance & CFO