Effective after market close Friday, June 19th, 2015
CALGARY, June 18, 2015 /CNW/ – Seven Generations Energy Ltd. (7G) has been added to the S&P/TSX Composite Index, the headline index for the Canadian equity markets. 7G’s inclusion in the S&P/TSX index will be effective after the close of trading on the TSX on Friday, June 19th, 2015.
“Joining Canada’s leading equity index is a milestone that reflects the growing market recognition of 7G as a high-growth and successful Canadian energy producer. We believe this achievement will result in a favorable and long-term impact for our existing and future shareholders,” said Pat Carlson, 7G’s Chief Executive Officer.
The S&P/TSX Composite is the headline index for the Canadian equity markets. It is the broadest in the S&P/TSX family and is the basis for multiple sub-indices. Companies are eligible to join the S&P/TSX Composite Index based on an established set of criteria that includes market capitalization that represents a minimum weight of 0.05 percent of the index, a minimum share price and level of trading liquidity, plus the company’s head office and operational presence in Canada.
About the Company
Seven Generations Energy Ltd. is an Alberta-based company engaged in the development of the Kakwa River Project. Located approximately 100 kilometres south of Grande Prairie, Alberta, the Kakwa River Project is a tight, liquids-rich natural gas and light oil project in the early stages of development. 7G has its corporate headquarters in Calgary, Alberta and its operations headquarters in Grande Prairie.
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SOURCE Seven Generations Energy Ltd.
Image with caption: “Seven Generations Energy Ltd. (CNW Group/Seven Generations Energy Ltd.)”. Image available at: http://photos.newswire.ca/images/download/20150618_C8309_PHOTO_EN_18223.jpg
