MSA Mesa Exploration Corp

NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES 

Cargojet Inc. ("Cargojet" or the "Corporation") (TSX:CJT)(TSX:CJT.A) is pleased
to announce that it has entered into an agreement with a syndicate of
underwriters led by RBC Capital Markets under which the underwriters have agreed
to purchase C$60 million aggregate principal amount of convertible unsecured
subordinated debentures due June 30, 2019 (the "Debentures") at a price of
$1,000 per Debenture (the "Offering"). Cargojet has also granted the
underwriters an option to purchase up to an additional C$9 million aggregate
principal amount of Debentures, on the same terms and conditions, exercisable in
whole or in part, for a period of 30 days following closing of the Offering. The
Offering is expected to close on or about April 29, 2014. 


The Debentures will be subordinated, unsecured obligations of Cargojet and will
bear interest at a rate of 5.5% per annum, payable semi-annually in arrears on
June 30 and December 31 of each year, commencing December 31, 2014. The
Debentures will be convertible at any time at the option of the holders into
common voting shares or variable voting shares, as applicable, at a conversion
price of $28.75 per share. The Debentures will mature on June 30, 2019.


The Debentures will not be redeemable prior to June 30, 2017. On and after June
30, 2017 and prior to June 30, 2018, the Debentures may be redeemed by the
Corporation, in whole or in part from time to time, on not more than 60 days and
not less than 40 days prior notice at a redemption price equal to their
principal amount plus accrued and unpaid interest, if any, up to but excluding
the date set for redemption, provided that the weighted average trading price of
the common voting shares on the TSX for the 20 consecutive trading days ending
five trading days prior to the date on which notice of redemption is provided is
at least 125% of the conversion price. On or after June 30, 2018 and prior to
the maturity date, the Corporation may, at its option, redeem the Debentures, in
whole or in part, from time to time at par plus accrued and unpaid interest. 


Cargojet intends to use the net proceeds of the Offering to finance a portion of
the expansion of its domestic air cargo network related to its recently awarded
contract with the Canada Post Corporation and Purolator Inc. ("MSA"). More
specifically, the net proceeds will fund one-time startup costs, the purchase of
one Boeing B767-300 freighter aircraft and the purchase of ground support
equipment, aircraft spare parts and other related assets. Cargojet intends to
apply the net proceeds of the over-allotment option to the acquisition of other
freighter aircraft.


A preliminary short-form prospectus will be filed with securities regulatory
authorities in all provinces and territories of Canada excluding Quebec. The
offering is subject to customary regulatory approvals, including the approval of
the Toronto Stock Exchange.


The securities to be offered have not been and will not be registered under the
U.S. Securities Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an applicable exemption from the
registration requirements of such Act. This news release shall not constitute an
offer to sell or the solicitation of an offer to buy nor shall there be any sale
of the securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful. 


Cargojet is Canada's leading provider of time sensitive overnight air cargo
services and carries over 750,000 pounds of cargo each business night. Cargojet
operates its network across North America each business night, utilizing a fleet
of all-cargo aircraft. 


Notice on Forward Looking Statements:

Certain statements contained herein, including statements related to completion
of the Offering, use of net proceeds of the Offering and the expansion of the
Corporation's domestic air cargo network related to the MSA, constitute
"forward-looking statements". Forward-looking statements look into the future
and provide an opinion as to the effect of certain events and trends on the
business. Forward-looking statements may include words such as "will", "may",
"plans," "intends," "anticipates," "should," "estimates," "expects," "believes,"
"indicates," "targeting," "suggests" and similar expressions. These
forward-looking statements are based on current assumptions and expectations of
management and entail various risks and uncertainties. Factors that could cause
results to differ materially from those contemplated or implied by the
forward-looking statements include: economic or financial conditions in North
America and the financial markets, including fluctuations in interest rates as
well as failure to realize the benefits under the MSA. Reference should be made
to the Corporation's most recent Annual Information Form filed with the Canadian
securities regulators, and its most recent Annual Consolidated Financial
Statements and Quarterly Financial Statements and Notes thereto and related
Management's Discussion and Analysis (MD&A) for a summary of major risks. Actual
results may materially differ from expectations, if known and unknown risks or
uncertainties affect our business, or if our estimates or assumptions prove
inaccurate. The Corporation assumes no obligation to update or revise any
forward-looking statement, whether as a result of new information, future events
or any other reason, other than as required by applicable securities laws. In
the event the Corporation does update any forward-looking statement, no
inference should be made that the issuer will make additional updates with
respect to that statement, related matters, or any other forward-looking
statement. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Cargojet Inc.
P. Dhillon
Vice President Marketing, Public & Government Relations
(905) 501 7373
pdhillon@cargojet.com

Mesa Exploration (TSXV:MSA)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Mesa Exploration (TSXV:MSA)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024