Press Release (PDF) Pressmeddelande (PDF)Maha Energy AB (publ)
Biblioteksgatan 1
SE-111 46 Stockholm
www.mahaenergy.ca
Press release
Stockholm
8 June 2016
This press release is not for release, publication or distribution, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States, or in any other jurisdiction where distribution of this press release would be illegal. See also section IMPORTANT INFORMATION below.
Maha Energy AB (publ) publishes supplementary prospectus regarding initial public offering of MSEK 150 in connection with planned listing
The board of directors of Maha Energy AB (publ) (the "Company" or "Maha") has prepared a supplementary prospectus (the "Supplementary Prospectus") in relation to the prospectus regarding invitation to acquire units consisting of shares and warrants (the "Offering") which was approved by and registered with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) on 31 May 2016 (the "Prospectus").
The supplement to the prospectus has been prepared as a result of agreements entered into regarding subscription and guarantee commitments and the board of directors' decision to direct the Offering not only to the general public in Sweden but also to the general public in Denmark and Norway and that application for acquisition of units may also be made through Nordnet Bank AB.
The Supplementary Prospectus, which has been approved by and registered with the Swedish Financial Supervisory Authority, constitutes a part of, and shall be read together with, the Prospectus. The Prospectus and the Supplementary Prospectus are kept available at the Company's website www.mahaenergy.ca, on Stockholm Corporate Finance's website, www.stockholmcorp.se, on Nordnet's website, www.nordnet.se, on Aqurat's website, www.aqurat.se, and will also be available on the Swedish Financial Supervisory Authority's website, www.fi.se.
Investors who have applied for, or in any other way consented to acquire the securities comprised by the prospectus, before a supplementary prospectus is made available to the public, have the right to withdraw their application or consent within two business days from the day the supplementary prospectus was made public in accordance with Chapter 2, section 34 of the Swedish Financial Instruments Trading Act (Sw. lagen (1991:980) om handel med finansiella instrument). Any withdrawals as a result of this Supplementary Prospectus shall be possible until and including June 10, 2016. Such withdrawal must be made in writing to Aqurat Fondkommission AB, issue: Maha Energy AB, P.O. Box 7461, SE-103 92 Stockholm. Investors who have applied for acquisition of securities through a nominee should contact their nominee regarding withdrawal. Applications that are not withdrawn will remain binding and those investors who wish to remain with their application on acquisition of units do not need to take any action.
For complete terms and conditions and other information regarding the Offering, please refer to the Prospectus which together with the Supplementary Prospectus are kept available at the Company's website www.mahaenergy.ca.
Advisers
Stockholm Corporate Finance AB acts as financial adviser and Setterwalls Advokatbyrå AB acts as legal adviser to the Company in connection with the Offering. Nordnet Bank AB acts a Selling Agent. FNCA Sweden AB has been engaged as Certified Adviser.
For more information, please contact:
Jonas Lindvall (CEO)
Tel: +1 403 454 7560
Email: Jonas@mahaenergy.ca
Or
Ron Panchuk
Tel: +1 403 454 7560
Email: Ron@mahaenergy.ca
Miscellaneous
The information above has been made public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published at 2:00 a.m. on 8 June 2016.
The board of directors of the Company has applied for listing of the Company's shares and warrants at Nasdaq First North Stockholm. For more information, please visit our website www.mahaenergy.ca.
Maha in brief
Maha Energy AB is a Swedish public limited liability company. The Company's predecessor Maha Energy Inc was founded in 2013 in Calgary, Canada, by Jonas Lindvall and Ron Panchuk. In May 2016, the new group was formed with Maha Energy AB as parent company for purposes of the Offering and the planned listing. Jonas Lindvall, CEO and Managing Director, has 25 years of international experience in the oil and gas industry, starting his career with Lundin Oil during the early days of E&P growth. After 6 years at Shell and Talisman, Jonas joined, and helped secure the success, of Tethys Oil AB. Maha's strategy is to target and develop underperforming hydrocarbon assets on global basis. The Company will operate two oil-fields, Tartaruga in Brazil (subject to Brazilian Government approvals and Closing) and LAK Ranch, in Wyoming, US.
IMPORTANT INFORMATION
This document has not been approved by any regulatory authority. The document is a press release and not a prospectus and investors should not subscribe for or purchase securities referred to in this document except on the basis of information contained in the Prospectus, including the Supplementary Prospectus, approved by the Swedish Financial Supervisory Authority and kept available at the Company's website. Distribution of this press release could in some jurisdictions be subject to restrictions according to law and recipients of this, or part of this, are required to inform themselves of, and comply with, such legal restrictions. Information in this press release should not constitute an offer to sell securities, or a solicitation of any offer to purchase securities, nor should any sale of the securities referred to herein be made, in any jurisdiction where such offer, solicitation of any offer to purchase, or sale would require preparing additional prospectus or other offering documents, or would not be lawful without registration or applicable exemptions from registering according to security acts in any such jurisdiction.
This press release neither constitutes, nor constitutes a part of, an offer or a solicitation of an offer to purchase or subscribe for securities in the United States. Securities referred to herein have not been, and will not be, registered in accordance with the American Securities Act of 1933 (as amended) ("Securities Act"), and may not be offered or sold within the United States absent registration in accordance with the Securities Act, or an exemption therefrom. Securities referred to herein are not offered to the general public in the United States. Copies of this press release is not being made and may not be distributed or sent, in whole, or part, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, Switzerland or the United States or to any other jurisdiction where the distribution respectively the issuance of this press release would be unlawful.