/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
CALGARY, May 10, 2013 /CNW/ - Seven Generations Energy Ltd. ("7G") is pleased to announce that it has closed a private placement of US$400 million in aggregate principal amount of 8.25% senior unsecured notes due 2020.
Founded in 2008, Seven Generations Energy Ltd. is a private oil and gas developer based in Calgary, Alberta. 7G is engaged in the delineation and development of its Kakwa River Project, a multi-zone, tight, rich gas project in the Alberta Deep Basin, approximately 100 km south of Grand Prairie, Alberta. As a result of the successful private placement, 7G plans to ramp up its activity levels on the Kakwa River Project.
This press release is not an offer of the Notes in the United States. The Notes have not and will not be registered under the U. S. Securities Act of 1933, as amended (the "US Securities Act"). The Notes may not be offered or sold, except to qualified institutional buyers in reliance on the exemption from registration provided by Rule 144A under the US Securities Act, or to persons outside the United States in compliance with Regulation S and applicable Canadian exemptions. Any public offering of securities made in the United States would be made by means of a prospectus that would be obtainable from 7G and that would contain detailed information about 7G, its management and financial statements.
This press release may contain forward-looking information and statements regarding 7G. Any statements included in this press release that address activities, events or developments that 7G "expects," "believes," "plans," "projects," "estimates" or "anticipates" will or may occur in the future are forward-looking statements. Actual results may differ materially due to a variety of important factors. Among other items, such factors might include: planned and unplanned capital expenditures; changes in general economic conditions; uncertainties in reserve, resource and production estimates; unanticipated recovery or production problems; weather-related interference with business operations; the effects of delays in completion of, or shut-ins of, gas and liquids gathering systems, pipelines and processing facilities; potential costs associated with complying with new or modified regulations; oil and natural gas prices and competition; the impact of derivative positions; production expense estimates; cash flow and cash flow estimates; drilling and operating risks; our ability to replace oil and gas reserves; volatility in the financial and credit markets or in oil and natural gas prices. Except as required by law, 7G undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change. Do not place undue reliance on forward-looking information.
SOURCE: Seven Generations Energy Ltd.
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