News

Oryx Petroleum Corporation Limited Announces Completion of CAD$223,987,500 Common Share Offering

18 July 2014

Calgary, Alberta, July 18, 2014

Oryx Petroleum Corporation Limited (“Oryx Petroleum”) (TSX: OXC) announced today that it has successfully completed an offering (the “Offering”) of 19,910,000 common shares of Oryx Petroleum (“Common Shares”) at a price of CAD$11.25 per Common Share for gross proceeds of CAD$223,987,500.

The Common Shares trade on the Toronto Stock Exchange under the symbol “OXC”. Upon closing of the Offering there are 119,812,824 Common Shares issued and outstanding.

AOG Upstream BV, an affiliate of The Addax and Oryx Group PLC (“AOG”), acquired 14,210,000 of the Common Shares under the Offering pursuant to a subscription agreement dated July 11, 2014 at the price of C$11.25 per Common Share. AOG and its affiliates, through direct and indirect ownership, remain the majority shareholder of Oryx Petroleum and beneficially own, control or direct 90,859,012 Common Shares representing approximately 75.3% of the Common Shares on a fully diluted basis.

The Offering was underwritten by a syndicate of underwriters (collectively, the “Underwriters”) led by BMO Capital Markets and Citigroup Global Markets Canada Inc., as global co-ordinators and bookrunners, and Merrill Lynch Canada Inc., RBC Capital Markets and Scotia Capital Inc., as joint bookrunners, and FirstEnergy Capital Corp.