Orca Energy Group Inc. announces Normal Course Issuer Bid
Orca Energy Group Inc. announces Normal Course Issuer Bid
TORTOLA, British Virgin Islands, July 05, 2022 (GLOBE NEWSWIRE) -- Orca Energy Group Inc. ("Orca" or the "Corporation") (TSX-V: ORC.A, ORC.B) announces its intention to commence a Normal Course Issuer Bid (the "Bid") for purchase of its Class B Subordinate Voting Shares ("Class B Shares") through the facilities of the TSX Venture Exchange (the "Exchange") and alternative trading systems in Canada.
託爾托拉，英屬維爾京羣島，2022年7月5日(環球通訊社)--Orca Energy Group Inc.虎鯨“或”公司“)(多倫多證券交易所-V：ORC.A，ORC.B)宣佈它打算開始正常的過程發行人投標(投標“)購買其B類附屬投票權股份(”B類股份“)通過多倫多證券交易所創業板的設施(”交易所“)和加拿大的另類交易系統。
Purchases made pursuant to the Bid will not exceed 500,000 Class B Shares, representing approximately 2.75% of the total outstanding Class B Shares as at July 4, 2022. In accordance with the policies of the Exchange, purchases under the Bid will commence on July 11 , 2022 and will continue until the earlier of the purchase of the maximum number of Class B Shares under the Bid and July 11, 2023. In accordance with the Corporation's Memorandum of Association, holders of Class A Common Voting Shares ("Class A Shares") in the capital of Orca may convert their Class A Shares to Class B Shares on a one for one basis, and at any time thereafter may participate in the Bid.
根據投標進行的購買將不超過500,000股B類股，約佔截至2022年7月4日已發行B類股總數的2.75%。根據聯交所的政策，投標下的購買將於2022年7月11日開始，並將持續至投標下購買最大數量的B類股較早者和2023年7月11日。根據公司的組織章程大綱，A類普通股的持有人(“A類股“)可在一對一的基礎上將其A類股轉換為B類股，並在此後的任何時間參與競購。
Purchases pursuant to the Bid will be made by Research Capital Corporation ("Research Capital") on behalf of the Corporation. Purchases will be made by Research Capital based on the parameters prescribed by the Exchange and applicable securities laws.
根據投標進行的購買將由Research Capital Corporation(“研究資本“)。Research Capital將根據聯交所規定的參數和適用的證券法進行購買。
Orca has implemented the Bid as it is of the view that at times the trading price of the Class B Shares of the Corporation on the Exchange does not fully reflect the underlying value of the Corporation's business. Orca believes that its purchase of Class B Shares under the Bid is in the best interest of the Corporation and its shareholders.
ORCA之所以實施這項投標，是因為它認為，該公司在交易所的B類股票的交易價格有時不能完全反映該公司業務的基本價值。Orca認為，根據競標購買B類股票符合公司及其股東的最佳利益。
Orca Energy Group Inc.
虎鯨能源集團公司。
Orca is an international public company engaged in natural gas exploration, development and supply in Tanzania through its subsidiary PanAfrican Energy Tanzania Limited. Orca trades on the TSX Venture Exchange under the trading symbols ORC.A and ORC.B.
Orca是一家國際上市公司，通過其子公司泛非能源坦桑尼亞有限公司在坦桑尼亞從事天然氣勘探、開發和供應。虎鯨在多倫多證券交易所創業板交易，交易代碼為ORC.A和ORC.B。
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所創業板政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Forward-Looking Statements
前瞻性陳述
This news release contains forward-looking statements or information (collectively "forward-looking statements") within the meaning of applicable securities legislation. More particularly, this news release contains, without limitation, forward-looking statements pertaining to the following: the Corporation's plans to purchase Class B Shares under the Bid; and Orca's belief that purchase of Class B Shares under the Bid is in the best interests of the Corporation and its shareholders. Although management believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity, performance or achievement since such expectations are inherently subject to significant business, economic, operational, competitive, political and social uncertainties and contingencies. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements.
本新聞稿包含符合適用證券法規的前瞻性陳述或信息(統稱為“前瞻性陳述”)。更具體地説，本新聞稿包含但不限於與以下內容有關的前瞻性陳述：公司在競購中購買B類股票的計劃；以及Orca認為在競購中購買B類股票符合公司及其股東的最佳利益。儘管管理層認為前瞻性陳述中反映的預期是合理的，但它不能保證未來的結果、活動水平、業績或成就，因為這些預期本身就受到重大商業、經濟、運營、競爭、政治和社會不確定性和意外事件的影響。因此，實際結果可能與前瞻性陳述中預期的結果大不相同。
These forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Corporation's control, and many factors could cause the Corporation's actual results to differ materially from those expressed or implied in any forward-looking statements made by the Corporation, including, but not limited to: the risk that Orca does not purchase the maximum number of Class B Shares or any Class B Shares under the Bid; the risk that the anticipated benefits of the Bid may not be achieved; the political and economic circumstances in the countries in which Orca operates; the effect of pandemics on the Corporation's operations and financial position; share price volatility and dilution; the impact of general economic conditions, including global and local oil and gas prices; industry conditions including changes in laws and regulations, and changes in how they are interpreted and enforced; lack of availability of qualified personnel; ability to access sufficient capital from internal and external sources; the failure of counterparties to perform under the terms of their contracts; and other factors, many of which are beyond the control of the Corporation. Therefore the Corporation's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated in these forward-looking statements will transpire or occur, or if any of them do so, what benefits the Corporation will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.
這些前瞻性陳述涉及大量已知和未知的風險和不確定性，其中某些風險和不確定性不是公司所能控制的，許多因素可能導致公司的實際結果與公司在任何前瞻性陳述中明示或暗示的結果大不相同，這些因素包括但不限於：Orca沒有購買投標中最大數量的B股或任何B股的風險；投標的預期效益可能達不到的風險；Orca開展業務的國家的政治和經濟環境；流行病對公司業務和財務狀況的影響；股價波動和稀釋；這些因素包括：總體經濟狀況的影響，包括全球和地方石油和天然氣價格；行業狀況，包括法律和條例的變化以及解釋和執行方式的變化；缺乏合格的人員；從內部和外部來源獲得足夠資本的能力；交易對手未能按照合同條款履行義務；以及其他因素，這些因素很多不是公司能夠控制的。因此，公司的實際結果、業績或成就可能與這些前瞻性陳述中表達或暗示的結果、業績或成就大不相同，因此，不能保證這些前瞻性陳述中預期的任何事件會發生或發生，或者如果發生了，公司將從中獲得什麼好處。提醒讀者，前面列出的因素並不是詳盡的。
Such forward-looking statements are based on certain assumptions made by the Corporation in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors the Corporation believes are appropriate in the circumstances, including, but not limited to, the ability of the Corporation to achieve the benefits of the Bid; that the Corporation will have sufficient cash flow, debt or equity sources or other financial resources required to fund its capital and operating expenditures and requirements as needed; that the Corporation will have adequate funding to continue operations; that the Corporation will successfully negotiate agreements; receipt of regulatory approvals; commodity prices will not deteriorate significantly; future capital expenditures; conditions in general economic and financial markets; that Orca's conduct and results of operations will be consistent with its expectations; current or, where applicable, proposed industry conditions, laws and regulations will continue in effect or as anticipated as described herein; and other matters.
此類前瞻性陳述基於公司根據其對歷史趨勢、當前狀況和預期未來發展的經驗和看法以及公司認為在當時情況下適當的其他因素作出的某些假設，這些因素包括但不限於公司實現投標效益的能力；公司將有足夠的現金流、債務或股權來源或其他所需財政資源為其資本和運營支出及需要提供資金；公司將有足夠的資金繼續運營；公司將成功談判協議；獲得監管批准；大宗商品價格不會大幅惡化；未來的資本支出；一般經濟和金融市場的狀況；Orca的經營行為和結果將與其預期一致；當前或(如適用)擬議的行業狀況、法律和法規將繼續有效或如本文所述預期；以及其他事項。
The forward-looking statements contained in this news release are made as of the date hereof and Orca undertakes no obligation to update publicly or revise and forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
本新聞稿中包含的前瞻性陳述是截至本新聞稿之日作出的，除非適用的證券法要求，否則Orca不承擔公開更新或修改前瞻性陳述或信息的義務，無論是由於新信息、未來事件還是其他原因。
CONTACT: For further information please contact: Jay Lyons Chief Executive Officer jlyons@orcaenergygroup.com +1-403-651-7701 Lisa Mitchell Chief Financial Officer lmitchell@orcaenergygroup.com +44-7808-639958
如需更多信息，請聯繫：傑伊·萊昂斯首席執行官jlyons@orcaenergygroup.com+1-403-651-7701麗莎·米切爾
譯文內容由第三人軟體翻譯。