Waterous Energy Fund Announces Disposition of Shares of Strathcona Resources Ltd.

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Postmedia has not reviewed the content. by Business Wire Waterous Energy Fund Announces Disposition of Shares of Strathcona Resources Ltd.Author of the article:THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountCALGARY, Alberta — Waterous Energy Fund Management Corp. (the “WEF Manager“), in its capacity as manager of certain limited partnerships, including but not limited to, Waterous Energy Fund (US) LP (“Fund I US LP“, and together with Waterous Energy Fund (Canadian) LP, Waterous Energy Fund (International) LP and Waterous Energy Fund II Aggregator LP and certain other entities managed by the WEF Manager, the “WEF Funds“), today announced that Fund I US LP has completed a share pass-through transaction, resulting in the disposition of 7,115,755 common shares (“Common Shares“) of Strathcona Resources Ltd. (the “Company“), representing approximately 3.3% of the issued and outstanding Common Shares, to certain limited partners of Fund I US LP (the “Transaction“). Immediately before the Transaction, the WEF Funds collectively owned an aggregate of 129,053,587 Common Shares, representing approximately 60.2% of the issued and outstanding Common Shares. Following completion of the Transaction, the WEF Funds collectively own an aggregate of 121,937,832 Common Shares, representing approximately 56.9% of the issued and outstanding Common Shares.This advertisement has not loaded yet, but your article continues below.The Common Shares were disposed of by Fund I US LP to certain limited partners pursuant to the Transaction. No consideration was paid to Fund I US LP for such disposition.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe WEF Funds hold the Common Shares for investment purposes. The WEF Funds may, depending on market and other conditions and subject to applicable securities regulation, change their beneficial ownership of the Common Shares, whether in the open market, by privately negotiated agreements, or otherwise. Any transaction that the WEF Funds may pursue may be made at any time and from time to time without prior notice and will depend on a variety of factors, including, without limitation, the price and availability of the Company’s securities, subsequent developments affecting the Company, its business and prospects, other investment and business opportunities available to the WEF Funds, general industry and economic conditions, the securities markets in general, tax considerations and other factors deemed relevant by the WEF Funds. Notwithstanding the foregoing, the WEF Funds and/or any of their affiliates may take such actions with respect to their investment in the Company as they deem appropriate, including developing plans or intentions or taking actions which relate to or would result in one or more of the transactions or matters referred to in paragraphs (a) through (k) of Item 5 of Form 62-103F1 – Required Disclosure Under the Early Warning Requirements.This news release is issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. The WEF Funds will file an early warning report with the applicable securities commission in each jurisdiction where the Company is a reporting issuer and will be available on the SEDAR+ profile of the Company at www.sedarplus.ca. A copy of the early warning report may also be obtained by contacting Waterous Energy Fund’s Chief Executive Officer at 403-930-6048 or info@waterous.com.The head office of the Company is located at 1900, 421 – 7th Avenue SW, Calgary, Alberta T2P 4K9. The head office of the WEF Manager and the WEF Funds is located at 600, 301 – 8th Avenue SW, Calgary, Alberta T2P 1C5.View source version on businesswire.com: This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.