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The Offering is expected to close on or about
The Offering is subject to the approval of the
The Underwriters shall be paid a cash fee equal to 5.5% of the gross proceeds of the Offering. A reduced commission of 2.75% shall apply to gross proceeds from subscriptions received from certain investors identified by the Company.
Ceiba intends to use the net proceeds of the Offering to reduce indebtedness, expand the capacity of existing facilities, advance greenfield projects and for general working capital purposes.
The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within
Ceiba provides specialized services to the energy sector, specifically to companies involved in the exploration, extraction and production of oil and natural gas in under serviced market space throughout Western Canada. Ceiba develops and constructs facilities in proximity to its customers to provide treatment of crude oil emulsion, terminalling, storage and marketing of oil and disposal of production water.
Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the future economic performance of Ceiba and carry known and unknown risks, uncertainties and other factors that may appreciably affect their results, economic performance or accomplishments when considered in light of the content or implications to statements made by Ceiba. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements. Ceiba does not intend and undertakes no obligation to update these forward-looking statements, except as required under applicable securities laws.