/NOT FOR DISTRIBUTION TO
Pursuant to the Offering, Stampede issued 83,202,000 Offered Shares, including 5,077,000 Offered Shares issued pursuant to the exercise of the over-allotment option granted to the Agents (defined below). The Offering was conducted by a syndicate of agents led by
The Corporation has directed approximately
Additionally, on
Subject to the Corporation's expected investment of approximately
"We are excited to announce the completion of the Acquisition, which furthers our goal of being
No securities regulatory authority has either approved or disapproved of the contents of this news release.
FORWARD-LOOKING STATEMENTS
Certain statements contained in this News Release constitute forward-looking statements or forward-looking information (collectively, "forward-looking information"). Forward-looking information relates to future events or the Corporation's future performance. All information other than statements of historical fact is forward-looking information. The use of any of the words "anticipate", "plan", "contemplate", "continue", "estimate", "expect", "intend", "propose", "might", "may", "will", "could", "should", "believe", "predict", and "forecast" are intended to identify forward-looking information.
This News Release contains forward-looking information pertaining to, among other things: the Acquisition, including the anticipated benefits to the Corporation; the Offering, including the use of proceeds and the anticipated benefits thereof; the expected in-service date of the rigs acquired pursuant to the Acquisition; estimated capital expenditures required to upgrade, recertify and refurbish the rigs acquired pursuant to the Acquisition; and the anticipated use of funds drawn from the Corporation's lending facilities, among others.
Forward-looking information is based on certain assumptions that the Corporation has made in respect thereof as at the date of this News Release regarding, among other things: oil and gas industry exploration and development activity levels and the geographic region of such activity; prevailing commodity prices, interest rates, carbon prices, tax rates and exchange rates; future operating costs; that favourable circumstances continue to exist in respect of the operation of the assets acquired pursuant to the Acquisition; management's ability to successfully integrate the assets acquired pursuant to the Acquisition into the operations of the Corporation; the Corporation's ability to successfully contract out the rigs acquired pursuant to the Acquisition; that the Corporation can complete the necessary upgrades, recertification, and refurbishment of the rigs acquired pursuant to the Acquisition for the amounts estimated; and that there are no unforeseen events preventing the performance of contracts or the completion of the relevant projects.
Forward-looking information is presented in this News Release for the purpose of assisting investors and others in understanding certain key elements of the Corporation's financial results and business plan, as well as the objectives, strategic priorities and business outlook of the Corporation, and in obtaining a better understanding of the Corporation's anticipated operating environment. Readers are cautioned that such forward-looking information may not be appropriate for other purposes.
While Stampede believes the expectations and material factors and assumptions reflected in the forward-looking information is reasonable as of the date hereof, there can be no assurance that these expectations, factors and assumptions will prove to be correct. Forward-looking information is not a guarantee of future performance and actual results or events could differ materially from the expectations of the Corporation expressed in or implied by such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information is subject to a number of known and unknown risks and uncertainties including, but not limited to: the condition of the global economy, including trade, inflation, the ongoing conflict in
This list of risk factors should not be construed as exhaustive. Readers are cautioned that events or circumstances could cause actual results to differ materially from those predicted, forecasted, or projected. Statements, including forward-looking information, are made as of the date of this News Release and the Corporation does not undertake any obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. The forward-looking information contained in this News Release is expressly qualified by this cautionary statement.
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