Investors in Seven Generations Energy approve share split plan
Shareholders of Seven Generations Energy Ltd have approved a two-for-one share split of the the company's Class A common shares. The plan, which is intended to make shares more affordable for employees and other small investors, is said to be linked to a forthcoming initial public offering. A recent report by The Globe and Mail indicated that the Calgary-based oil and gas company now may be aiming to raise up to $1 billion. Founded in 2008, Seven Generations is backed by ARC Financial Corp, Canada Pension Plan Investment Board (CPPIB), KERN Partners, Natural Gas Partners and ZBI Ventures.
11 September 2014•3 mins read
