CALGARY, March 17, 2016 /CNW/ - ARC Equity Management (Fund 5) Ltd. (as general partner of ARC Energy Fund 5 Canadian Limited Partnership, ARC Energy Fund 5 United States Limited Partnership and ARC Energy Fund 5 International Limited Partnership, collectively "ARC Energy Fund 5") of Calgary, Alberta announced that ARC Energy Fund 5 has disposed of 2,897,462 class A common shares of Seven Generations Ltd. (the "Corporation").
ARC Equity Management (Fund 4) Ltd. (as the fund manager of ARC Energy Venture Fund 4) of Calgary, Alberta announced that ARC Energy Venture Fund 4 has disposed of 102,538 class A common shares of the Corporation.
The transactions were conducted over the facilities of the Aequitas Exchange on March 16, 2016. ARC Energy Fund 5 (together with ARC Energy Venture Fund 4) now exercises control or direction over less than 10% of the outstanding class A common shares of the Corporation.
Each of ARC Energy Fund 5 and ARC Energy Venture Fund 4 is a fund specializing in the energy sector. Although each fund may make further purchases or dispositions of common shares of the Corporation through private purchases or through the facilities of various stock exchanges, such transactions will be made for investment purposes. This press release has been issued in order to comply with applicable securities legislation.
SOURCE ARC Equity Management (Fund 5) Ltd.
For further information: For further information or a copy of the securities acquisition report, please contact: Bill Slavin Managing Director, ARC Equity Management (Fund 5) Ltd., 4300, 400 - 3rd Avenue S.W., Calgary, Alberta, Telephone: 403-292-0680, Fax: 403-292-0579