/NOT FOR DISSEMINATION OUTSIDE OF CANADA/
(TSX: SCL)
TORONTO,
June 17, 2014 /CNW/ - ShawCor Ltd.
("ShawCor" or the "Company") (TSX: SCL) announced today that it has
filed a final short form base shelf prospectus with the securities
regulatory authorities in each of the provinces of Canada other than Quebec, for the offering of up to $500,000,000 of common shares, preferred shares,
debt securities, warrants, subscription receipts, share purchase
contracts or units (the "Securities"). The Securities may be
offered from time to time during the 25-month period for which the
final short form base prospectus remains valid. The specific terms
of any Securities will be described in one or more shelf prospectus
supplements to be filed with the applicable securities regulatory
authorities.
This news release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale or any acceptance of an offer to buy these securities in
any province or territory of Canada in which such offer, solicitation or
sale would be unlawful prior to qualification under securities law
of any such province or territory. The securities herein have not
been and will not be registered under the United States Securities
Act of 1933, as amended, or any state securities laws and may not
be offered, sold or delivered within the
United States of America and its territories and possessions
except in certain transactions exempt from registration
requirements.
A copy of the final short form base shelf
prospectus filed with securities regulatory authorities is
available on SEDAR at www.sedar.com.
About ShawCor Ltd.
The Company is a global energy services company
specializing in products and services for the pipeline, pipe
services, petrochemical and industrial segments of the oil and gas
industry and certain industrial markets. It operates through eight
divisions, with manufacturing and service facilities located around
the world. These divisions (or business units) operate within two
principal market segments, Pipeline and Pipeline Services and
Petrochemical and Industrial.
Note Regarding Forward-Looking
Statements
Certain statements contained or incorporated by
reference in this press release may constitute forward-looking
statements under applicable securities law, such as statements that
describe the Company's future plans, objectives or goals, including
words to the effect that the Company or management expects a stated
condition or result to occur. Forward-looking statements are often
identified by terms such as "may," "should," "anticipate,"
"expects," "seeks" and similar expressions. There can be no
assurance that the Company will proceed with any offering of
Securities. Although ShawCor believes that the expectations and
assumptions on which such forward-looking statements and the
information are reasonable, undue reliance should not be placed on
the forward looking statements and information because ShawCor can
give no assurance that such statements and information will prove
to be correct. Since forward-looking statements address future
events and conditions, by their very nature, they involve inherent
risks and uncertainties.
SOURCE ShawCor Ltd.