Gibson Energy closes $215-million offering

Executive Summary

• Gibson Energy closed a bought‑deal offering of common shares, issuing 8,160,325 shares at $26.35 each for approximately $215 million in gross proceeds.
• The net proceeds will be used to fund a portion of the purchase price for Teine Energy Ltd.’s Chauvin infrastructure assets, with closing expected in Q2 2026 pending regulatory approvals.
• The offering was underwritten by a syndicate co‑led by CIBC Capital Markets and Bank of Nova Scotia.

Key Details

• Shares Issued: 8,160,325 common shares (including full exercise of the overallotment option).
• Offering Price: $26.35 per share.
• Gross Proceeds: Approximately $215 million.
• Use of Proceeds: Finance a portion of the acquisition of Teine Energy Ltd.’s Chauvin infrastructure assets.
• Transaction Timing: Closing of the asset purchase expected in Q2 2026, subject to customary closing conditions and Competition Act clearance.
• Underwriters: Syndicate co‑led by CIBC Capital Markets and Bank of Nova Scotia.

Notable Quotes

(No direct quotes were provided in the release.)