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CALGARY, Feb. 28, 2014 /CNW/ - Advantage Oil & Gas Ltd. (TSX: AAV) ("Advantage") and Longview Oil Corp. (TSX: LNV) ("Longview") announce that Advantage has closed the sale of 21,150,010 common
shares of Longview ("Longview Shares") owned by Advantage to a syndicate of underwriters led by RBC Capital
Markets and FirstEnergy Capital Corp. and including Scotia Capital
Inc., National Bank Financial Inc., CIBC World Markets Inc. and TD
Securities Inc., at a price of $4.45 per share for gross proceeds to
Advantage of $94,117,544.50.
Purchasers under the offering are eligible to receive the cash dividend
declared by Longview on February 14, 2014 in the amount of $0.04 per
share, which is payable on March 17, 2014 to shareholders of record on
February 28, 2014.
As a result of the offering, Advantage no longer owns or controls any
Longview Shares. An early warning report for Advantage will be filed
on SEDAR at www.sedar.com.
This press release does not constitute an offer to sell or a
solicitation of an offer to buy any securities of Longview in any
jurisdiction in which such offer, solicitation or sale would be
unlawful. These securities have not been and will not be registered
under the U.S. Securities Act or any U.S. state securities laws and may
not be offered or sold in the United States except in compliance with
the registration requirements of the U.S. Securities Act and applicable
U.S. state securities laws or pursuant to an exemption therefrom.
SOURCE Advantage Oil & Gas Ltd.