Exchange Bulletin
Journey Energy Inc. (JOY) To Trade On Toronto Stock Exchange
Journey Energy Inc. (the "Company") - An application has been granted for the original listing in the Oil and Gas category of up to 54,108,970 common shares ("Common Shares") of which up to 32,563,165 Common Shares will be issued and outstanding and up to 21,545,805 Common Shares will be reserved for issuance.
Listing of the Common Shares will become effective at 5:01 p.m. on Wednesday, June 18, 2014, in anticipation of the public offering closing on Thursday, June 19, 2014. The Common Shares will be posted for trading on Thursday, June 19, 2014.
Additional information on the Common Shares may be found in the prospectus dated June 11, 2014 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.
| Stock Symbol: "JOY" | CUSIP: 48113W 10 2 | Trading Currency: CDN$ |
| Temporary Market Maker: | RBC Capital Markets |
| Other Markets: | None. |
| Head Office Address: | Suite 700, 517 - 10th Avenue SW Calgary, AB T2R 0A8 |
| Email Address: | info@journeyenergy.ca |
| Website: | www.journeyenergy.ca |
| Head Office Telephone Number: | (403) 294-1635 |
| Fax Number: | (403) 232-1317 |
| Investor Relations: | Gerry Gilewicz Tel: (403) 303-3238 Email: gerry.gilewicz@journeyenergy.ca Alex G. Verge Tel: 403) 303-3232 Email: alex.verge@journeyenergy.ca |
| Chief Financial Officer: | Gerry Gilewicz |
| Corporate Secretary: | Gary R. Purcell |
| Incorporation: | The Company was incorporated under the Business Corporations Act (Alberta) on June 26, 2007, as "Sword Energy Inc." and underwent a name change to "Journey Energy Inc." on July 1, 2012. |
| Fiscal Year End: | December 31 |
| Nature of Business: | The Company is a Canadian exploration and production company focused on conventional, oil-weighted operations in western Canada. |
| Transfer Agent & Registrar: | Olympia Trust Company at its principal offices in Calgary and Olympia Transfer Services Inc., as co-transfer agent, in Toronto. |
| Dividends: | To date the Company has not paid any dividends on its common shares. Following completion of the Offering, the Company intends to pay an initial monthly dividend of $0.06 per Common Share and Restricted Voting Share, subject to confirmation and approval of the board of directors. The amount of future cash dividends, if any, will be in the sole discretion of the board of directors. The Company expects that the initial monthly dividend of $0.06 per Common Share and Restricted Voting Share will be paid on August 15, 2014, to shareholders of record July 31, 2014. |
| Initial Public Offering: | Pursuant to the terms of the Prospectus, BMO Nesbitt Burns Inc. and CIBC World Markets Inc. as co-lead underwriters, and Peters & Co. Limited, Cormark Securities Inc., FirstEnergy Capital Corp., RBC Dominion Securities Inc., TD Securities Inc. and AltaCorp Capital Inc. as underwriters, have agreed to sell 16,500,000 Common Shares of the Company at a price of $12.00 per Common Share. The offering consists of an initial public offering of 14,000,000 Common Shares and a secondary offering of 2,500,000 Common Shares by Infra-PSP Partners Inc. (the "Selling Shareholder"). In addition, the Company has granted the Underwriters an option exercisable for a 30-day period following the closing of the Offering to purchase up to an additional 2,475,000 Common Shares, representing 15% of the Offering, at the Offering Price. These 2,475,000 Common Shares consist of 990,000 Common Shares from the Company and 1,485,000 Common Shares from the Selling Shareholder. |
