TORONTO, March 1, 2018 /CNW/ - Scott Lamacraft announces that his along with
his joint actor's (collectively, the "Lamacraft Group") ownership
interest in Valeura Energy Inc. ("VALEURA") has decreased below
10%. Mr. Lamacraft last filed an early warning report on
January 7, 2015, at which time the
Lamacraft Group owned and controlled approximately 14.7 % of the
issued and outstanding shares of VALEURA (the "Shares") on a
non-diluted basis. The Lamacraft Group currently owns and controls
7,319,800 Shares. Today, VALEURA announced the closing of its
previously announced financing (the "Public Offering") whereby it
issued 10,527,000 Shares increasing its issued and outstanding
Shares to 83,775,321 per VALEURA's prospectus dated February 22, 2018. The issuance of Shares under
the Public Offering reduced the Lamacraft Group's percentage
interest in VALEURA from approximately 10% to 8.73% of issued and
outstanding Shares.
The Lamacraft Group has a long-term view of the investment and
may acquire additional securities either on the open market or
through private acquisitions or sell the securities either on the
open market or through private dispositions in the future depending
on market conditions, reformulation of plans and/or other relevant
factors.
VALEURA's head office is located at Bow Valley Square 1, Suite
1200, 202 - 6th Avenue SW, Calgary,
Alberta T2P 2R9.
This news release is issued pursuant to National Instrument
62-103 – The Early Warning System and Related Take-Over Bid and
Insider Reporting Issues of the Canadian Securities
Administrators, which also requires early warning reports to be
filed with the applicable securities regulators containing
additional information with respect to the foregoing matters. A
copy of the early warning report in respect of the foregoing matter
will be available on VALEURA's issuer profile on SEDAR at
www.sedar.com and may also be obtained by contacting Jeff Kennedy by telephone at (416) 362-6885 or
by email at jkennedy@cormark.com.
SOURCE Scott Lamacraft