/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
CALGARY, March 27, 2012 /CNW/ - Gibson Energy Inc. ("Gibson") is pleased
to announce the completion of the previously announced "bought deal"
secondary offering (the "Secondary Offering") of common shares of
Gibson held by R/C Guitar Coöperatief U.A. (the "Selling Shareholder"),
pursuant to which the Selling Shareholder sold 28,107,781 common shares
at a price of $20.70 per common share for total gross proceeds to the
Selling Shareholder of $581,831,066.70. The offering was conducted
through a syndicate of underwriters co-led by BMO Capital Markets and
Gibson did not receive any proceeds from the Secondary Offering.
Following closing, the Selling Shareholder no longer holds any common
shares of Gibson.
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 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.
Gibson is one of the largest independent midstream energy companies in
Canada and a major participant 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. Gibson is also involved in the
processing, blending and marketing of hydrocarbons, provision of water
disposal and oilfield waste management services and is the second
largest retail propane distribution company in Canada.