CALGARY, May 30, 2012 /CNW/ - Seven Generations Energy Ltd. (7G or the Company) is pleased to announce that Canada Pension Plan Investment Board (CPPIB) recently completed a $200 million equity investment in the Company. Pat Carlson, the CEO of 7G, stated that management and the Board of Directors are pleased to have CPPIB as an investor and are confident that CPPIB and 7G have aligned goals for the investment.
André Bourbonnais, CPPIB's Senior Vice-President, Private Investments, stated that: "With a proven management team that has an excellent track record, Seven Generations is well-positioned to deliver attractive returns over the long-term."
RBC Capital Markets and Jefferies & Company, Inc. advised 7G on the transaction.
Seven Generations Energy Ltd. is a private company based in Calgary. The Company's holdings consist of approximately 237 gross (225 net) sections of land situated in the Alberta Deep Basin approximately 100 kilometres south of Grande Prairie. The Company is in the early stages of building the Kakwa River Project.
For further information:
Patrick Carlson, President and Chief Executive Officer