/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED
STATES/
CALGARY,
AB, Aug. 1, 2023 /PRNewswire/ - Gibson Energy
Inc. ("Gibson" or the "Company") (TSX: GEI) is pleased to announce
the expiration of the waiting period under the U.S.
Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR
Act") with respect to the Company's proposed acquisition of 100% of
the membership interests of South Texas Gateway Terminal LLC (the
"Transaction"). The expiration of the waiting period under the HSR
Act satisfies one of key conditions to the closing of the
Transaction and Gibson expects that the parties will be in position
to close the Transaction in the very near term and without the need
of any other third-party action or approval.
About Gibson
Gibson is a leading liquids infrastructure company with its
principal businesses consisting of the storage, optimization,
processing, and gathering of liquids and refined products.
Headquartered in Calgary, Alberta,
the Company's operations are located across North America, with core terminal assets in
Hardisty and Edmonton, Alberta, and including a facility in
Moose Jaw, Saskatchewan and an
infrastructure position in the U.S.
Gibson shares trade under the symbol GEI and are listed on the
Toronto Stock Exchange. For more information, visit
www.gibsonenergy.com.
For further information, please contact:
Beth Pollock
Vice President, Capital Markets & Risk
Phone: (403) 992-6478
Beth.Pollock@gibsonenergy.com
Media Relations
Phone: (403) 476-6374
Communications@gibsonenergy.com
Forward-Looking
Statements
Certain statements contained in this press release constitute
forward-looking information and statements within the meaning of
applicable securities laws (collectively, "forward-looking
statements"). All statements other than statements of historical
fact are forward-looking statements. The use of any of the words
"anticipate", "plan", "aim", "target", "contemplate", "continue",
"estimate", "expect", "intend", "propose", "might", "may", "will",
"shall", "project", "should", "could", "would", "believe",
"predict", "forecast", "pursue", "potential", "possible", "capable"
and similar expressions are intended to identify forward-looking
statements. Forward-looking statements included in this press
release include, but are not limited to, statements with respect to
the closing of the Transaction and the timing thereof. The
forward-looking statements reflect Gibson's beliefs and assumptions
with respect to, among other things; the satisfaction of all
conditions to closing the Transaction and the timing thereof; the
successful completion of the Transaction; and general economic and
industry conditions. Forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those
anticipated in such forward-looking statements. Although Gibson
believes these statements to be reasonable, no assurance can be
given that the results or events anticipated in these
forward-looking statements will prove to be correct and such
forward-looking statements included in this press release should
not be unduly relied upon. Actual results or events could differ
materially from those anticipated in these forward-looking
statements as a result of, among other things, failure to complete
the Transaction in all material respects in accordance with
the agreement governing the Transaction. The forward-looking
statements contained in this press release represent Gibson's
expectations as of the date hereof and are subject to change.
Gibson disclaims any intention or obligation to update or revise
any forward-looking statements whether as a result of new
information, future events or otherwise, except as may be required
by applicable laws. Readers are cautioned that the foregoing lists
are not exhaustive. For additional information on the Company's
assumptions, and the risks and uncertainties that could cause
actual results to differ from the anticipated results of our
material risk factors, described in "Forward-Looking Information"
and "Risk Factors" included in Gibson's Annual Information Form and
Management's Discussion and Analysis dated each dated February 21, 2023 and the prospectus supplement
dated June 16, 2023, copies of which
are available on the Company's profile at www.sedarplus.ca.
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SOURCE Gibson Energy Inc.
