Gibson Energy Announces Closing of $215 Million Bought Deal Offering of Common Shares and Exercise in Full of Over-Allotment Option

Executive Summary

• Gibson Energy closed a bought‑deal equity offering of 8,160,325 common shares at $26.35 per share, raising approximately $215 million in gross proceeds.
• Net proceeds will be used to fund a portion of the purchase price for Teine Energy Ltd.’s Chauvin Infrastructure Assets, with the transaction expected to close in Q2 2026 pending regulatory approvals.
• The offering was underwritten by a syndicate co‑led by CIBC Capital Markets and Scotiabank, including full exercise of the over‑allotment option.

Key Details

• Shares Issued: 8,160,325 common shares (including over‑allotment).
• Offering Price: $26.35 per share.
• Gross Proceeds: Approximately $215 million.
• Use of Proceeds: Fund a portion of the purchase price for Teine Energy Ltd.’s Chauvin Infrastructure Assets.
• Transaction Timing: Closing of the Chauvin asset acquisition expected in Q2 2026, subject to Competition Act clearance and other regulatory approvals.
• Underwriters: Syndicate co‑led by CIBC Capital Markets and Scotiabank; over‑allotment option fully exercised.
• Forward‑Looking Statements: Include expectations regarding the transaction closing, use of proceeds, and regulatory approvals; subject to risks outlined in Gibson’s filings.

Notable Quotes

(No direct quotes were provided in the release.)