/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
CALGARY, April 27 /CNW/ - Gibson Energy Inc. ("Gibson") today filed a
preliminary prospectus with the securities regulatory authorities in
each of the provinces and territories of Canada in connection with a
proposed initial public offering of common shares by the corporation
that will result from the amalgamation of Gibson Energy Holding ULC,
1441682 Alberta Ltd. and Gibson.
The offering is being made through a syndicate of underwriters co-led by
BMO Nesbitt Burns Inc., Scotia Capital Inc. and J.P. Morgan Securities
Canada Inc., and including TD Securities Inc., RBC Dominion Securities
Inc., Citigroup Global Markets Canada Inc., FirstEnergy Capital Corp.
and UBS Securities Canada Inc.
A copy of the preliminary prospectus has been filed on SEDAR and is
available for review at www.sedar.com.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy the securities in the United States, in any province or territory of Canada or in any other jurisdiction. The securities to be offered have not
been, and will not be, registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state
securities laws and may not be offered or sold in the United States
absent registration or absent an applicable exemption from the
registration requirements of the U.S. Securities Act and applicable
U.S. state securities laws. There shall be no sale of the securities in
any jurisdiction in which an offer to sell, a solicitation of an offer
to buy or a sale would be unlawful. The preliminary prospectus has not yet become final for the purpose
of a distribution to the public and there shall not be any sale or any
acceptance of an offer to buy these securities in any province or
territory of Canada prior to the time a receipt for the final
prospectus or other authorization is obtained from the securities
commission or similar authority in such province or territory.
Gibson is one of the largest independent midstream energy companies in
Canada and a major partcipant in the crude oil transportation business
in the United States, and is engaged in the movement, storage,
blending, processing, marketing and distribution of crude oil,
condensate, natural gas liquids, and refined products. Gibson
transports hydrocarbons by utilizing its integrated network of
terminals, pipelines, storage tanks, and truck fleet located throughout
western Canada and the United States. Additionally, Gibson, through its
Canwest Propane subsidiary, is the second largest retail propane
distribution company in Canada.