/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
CALGARY, Dec. 24 /CNW/ Molopo Energy Canada Ltd. ("Molopo" or the "Company") is pleased to announce that it has filed today a preliminary
prospectus with the securities regulatory authorities in each of the
provinces of Canada excluding Québec in connection with a proposed
initial public offering (the "Offering") of its common shares (the "Common Shares") and a secondary offering of Common Shares by Molopo Energy Holdings
Ltd., a wholly-owned subsidiary of Molopo Energy Limited, to be offered
for sale on a "best efforts" basis through a syndicate of agents to be
led by Macquarie Capital Markets Canada Ltd.
A copy of the preliminary prospectus, which contains important
information relating to the Offering, is available on the SEDAR website
at www.sedar.com. The preliminary prospectus is subject to completion or amendment.
There will not be any sale or acceptance of an offer to buy the Common
Shares until a receipt for the final prospectus has been issued.
Completion of the Offering is subject to and conditional upon the
receipt of all necessary approvals, including regulatory approvals.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of, any
securities of the Company in any jurisdiction in which such offer,
solicitation or sale would be unlawful. The Common Shares 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 in the United States and may not
be offered or sold in the United States, except in transactions exempt
from registration under the U.S. Securities Act and under the
securities laws of any applicable state.
Neither this press release nor the preliminary (or final) prospectus
constitute offers to any person in Australia to whom disclosure is
required under Chapter 6D of the Corporations Act 2001 (Cth).
About the Company
Molopo is a petroleum exploration and production company focused on the
exploration, appraisal, development and production of oil in the
Western Canadian Sedimentary Basin. The Company's principal properties
consist of oil assets in the Spearfish and Bakken formations located in
the provinces of Manitoba and Saskatchewan, respectively.
Forward Looking Information
This press release contains certain forward-looking statements. These
statements relate to future events or the Company's future
performance. All statements other than statements of historical fact
are forward-looking statements. The use of any of the words
"anticipate", "plan", "continue", "estimate", "expect", "may", "will",
"project", "should", "believe", "predict" and "potential" and similar
expressions are intended to identify forward-looking statements. These
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results or events to differ materially
from those anticipated in such forward-looking statements, including,
without limitation, those listed under the headings "Notice to
Investors - Special Note Regarding Forward-Looking Statements" and
"Risk Factors" in the Company's preliminary prospectus dated December
23, 2010 relating to the Offering. No assurance can be given that
these expectations will prove to be correct and such forward-looking
statements should not be unduly relied upon. These forward-looking
statements are made as of the date of this press release and the
Company does not undertake to update any forward-looking statements
that are contained in this press release, except in accordance with
applicable securities laws.
SOURCE MOLOPO ENERGY CANADA LTD.
For further information: For further information:
R.L. (Monty) Bowers
President and Chief Executive Officer
Vice President, Finance and Chief Financial Officer