CALGARY, AB–(Marketwired – December 23, 2015) –
MEG Energy Corp. (TSX: MEG) (the “Company“) today announced that it has filed a preliminary short form base shelf prospectus with the securities regulators in each of the provinces and territories of Canada.
The prospectus will allow WP Lexington Private Equity B.V. (“WP Lex“), an affiliate of Warburg Pincus LLC, to offer and sell or otherwise distribute in aggregate up to 10,000,000 common shares of the Company (the “Common Shares“), representing in aggregate up to Cdn. $350,000,000, in one or more distributions during a 25-month period.
The Company will not sell any Common Shares under the prospectus and will not receive any proceeds from any sale or distribution of Common Shares by WP Lex.