Seven Generations Energy files IPO prospectus

Seven Generations Energy Ltd has filed a preliminary prospectus with most Canadian securities commissions in connection with an initial public offering of its common shares. The company's IPO, which was discussed by peHUB Canada in July, is reported to target as much as $1 billion. According to SEDAR, the IPO will include a secondary offering for two of Seven Generations' private equity investors: ARC Financial Corp and KERN Partners. The company is also backed by Canada Pension Plan Investment Board (CPPIB), Natural Gas Partners and ZBI Ventures. Founded in May 2008, the Calgary-based Seven Generations is a tight gas developer with a single asset, the Kakwa River Project in Alberta.

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