Oryx Petroleum Files Preliminary Prospectus Supplement to Final Base Shelf Prospectus
07 July 2014
Calgary, Alberta, July 7, 2014
Oryx Petroleum Corporation Limited (“Oryx Petroleum” or the “Corporation”) (TSX: OXC) announced today that it has filed a preliminary prospectus supplement (the “Preliminary Supplement”) to the final short form base shelf prospectus dated January 27, 2014 (the “Prospectus”) with applicable securities regulators in each of the provinces of Canada other than Québec. The Preliminary Supplement relates to a proposed issuance of common shares of the Corporation (“Common Shares”). Oryx Petroleum intends to raise up to US$210 million under the Offering. The Preliminary Supplement has not yet become final.
The Preliminary Supplement contemplates The Addax and Oryx Group Limited (“AOG”) subscribing for approximately US$150 million of Common Shares and Oryx Petroleum entering into an underwriting agreement, on terms to be negotiated, with a syndicate of underwriters comprised of BMO Nesbitt Burns Inc. and Citigroup Global Markets Canada Inc., as global co-ordinators and bookrunners, and Merrill Lynch Canada Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and FirstEnergy Capital Corp. for the sale of additional Common Shares to persons other than AOG.
Copies of the Prospectus and the Preliminary Supplement are available under Oryx Petroleum’s profile on SEDAR (www.sedar.com).
Commenting today on the potential issuance of shares, Jean-Claude Gandur, Founder and Chairman of Oryx Petroleum, stated:
“Oryx Petroleum has made substantial progress since its initial public offering in May of last year and has delivered considerably more than forecasted at the time. The Corporation is now entering an exciting phase of its growth and development which will be funded in part from the proceeds of a common share offering. I am very pleased that AOG is supporting the Corporation through this offering which provides investors the opportunity to participate on the same terms in the future growth of the company.”