CALGARY, AB, Sept. 24, 2021
/CNW/ - (TSX: PIPE) – Riverstone V REL CNOR LP
("Riverstone") announces that it has acquired 47,159,714
common shares (the "Common Shares") in the capital of
Pipestone Energy Corp. ("PEC"), representing approximately
24.6% of the Common Shares that Riverstone understands to be issued
and outstanding as of the date hereof.
Riverstone acquired the Common Shares through an in-kind
distribution from Canadian Non-Operated Resources GP Inc. in its
capacity as general partner, for and on behalf of Canadian
Non-Operated Resources L.P. to its limited partners.
Riverstone has no present intention of acquiring additional
securities of PEC. In accordance with applicable securities laws,
Riverstone and its joint actors may, from time to time and at any
time, acquire additional common shares in the capital of PEC and/or
other equity, debt or other securities or instruments of PEC
(collectively, "Securities") in the open market or
otherwise, and reserves the right to dispose of any or all of its
Securities, including the Common Shares, in the open market or
otherwise at any time and from time to time, depending on market
conditions, the business and prospects of PEC and other relevant
factors.
This press release is issued pursuant to National Instrument
62-103 - The Early Warning System and Related Take-Over Bid and
Insider Reporting Issues, which also requires a report to be
filed with regulatory authorities in each of the jurisdictions in
which PEC is a reporting issuer containing information with respect
to the foregoing matters (the "Early Warning Report"). A
copy of the Early Warning Report will appear with PEC's documents
on the System for Electronic Document Analysis and Retrieval at
www.sedar.com. PEC's head office is located at 3700,
888-3rd Street SW, Calgary,
Alberta T2P 5C5.
SOURCE Riverstone V REL CNOR LP
