/NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE
CALGARY, Dec. 13, 2013 /CNW/ - MEG Energy Corp. (TSX:MEG) (the
"Company") today announced the completion of the previously announced
secondary offering of common shares held by one of its principal
shareholders, WP Lexington Private Equity B.V. ("WP Lex"), an affiliate
of Warburg Pincus LLC, pursuant to which WP Lex sold 5,000,000 common
shares of the Company (the "Common Shares") at a price of $31.40 per
Common Share. The Company did not receive any proceeds from the
The offering was conducted on an underwritten, bought deal public issue
by BMO Capital Markets in all provinces and territories of Canada by
way of a short form prospectus. The offering was also extended to
Qualified Institutional Buyers in the United States, pursuant to the
registration exemptions provided by Rule 144A of the U.S. Securities
Act of 1933.
Notice to Readers
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities of the Company in any
jurisdiction in which such offer, solicitation or sale would be
unlawful.The securities being offered have not been and will not be
registered under the U.S. Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or an
applicable exemption from the registration requirements of the U.S.
Securities Act of 1933 and other applicable securities laws.
About the Company
MEG Energy Corp. is focused on sustainable in situ oil sands development
and production in the southern Athabasca oil sands region of Alberta,
Canada. MEG is actively developing enhanced oil recovery projects that
utilize SAGD extraction methods. The Company's common shares are listed
on the Toronto Stock Exchange under the symbol "MEG".
SOURCE: MEG Energy Corp.
For further information:
Please direct all investor and media inquiries to:
MEG Energy Corp.
John Rogers, Vice President,
Investor Relations and External Communications