Effective after market close Friday, June 19th, 2015
CALGARY, June 18, 2015 /CNW/ - Seven Generations Energy Ltd. (7G) has been added to the S&P/TSX Composite Index, the headline index for the Canadian equity markets. 7G's inclusion in the S&P/TSX index will be effective after the close of trading on the TSX on Friday, June 19th, 2015.
"Joining Canada's leading equity index is a milestone that reflects the growing market recognition of 7G as a high-growth and successful Canadian energy producer. We believe this achievement will result in a favorable and long-term impact for our existing and future shareholders," said Pat Carlson, 7G's Chief Executive Officer.
The S&P/TSX Composite is the headline index for the Canadian equity markets. It is the broadest in the S&P/TSX family and is the basis for multiple sub-indices. Companies are eligible to join the S&P/TSX Composite Index based on an established set of criteria that includes market capitalization that represents a minimum weight of 0.05 percent of the index, a minimum share price and level of trading liquidity, plus the company's head office and operational presence in Canada.
About the Company
Seven Generations Energy Ltd. is an Alberta-based company engaged in the development of the Kakwa River Project. Located approximately 100 kilometres south of Grande Prairie, Alberta, the Kakwa River Project is a tight, liquids-rich natural gas and light oil project in the early stages of development. 7G has its corporate headquarters in Calgary, Alberta and its operations headquarters in Grande Prairie.
SOURCE Seven Generations Energy Ltd.
Image with caption: "Seven Generations Energy Ltd. (CNW Group/Seven Generations Energy Ltd.)". Image available at: http://photos.newswire.ca/images/download/20150618_C8309_PHOTO_EN_18223.jpg
For further information: please contact: Pat Carlson, CEO; Chris Law, CFO; Brian Newmarch, Director, Capital Markets; Seven Generations Energy Ltd., Suite 300, 140 - 8th Avenue SW, Calgary, AB T2P 1B3, Phone: 403-718-0700, Email: firstname.lastname@example.org