(TSX: AAV, NYSE: AAV)
CALGARY, May 8, 2018 /PRNewswire/ - Advantage Oil &
Gas Ltd. ("Advantage") is pleased to announce that it has
extended the expiry of its previously disclosed odd-lot share
repurchase program (the "Odd Lot Program") by six weeks to
June 19, 2018. Pursuant to the Odd
Lot Program, Advantage has offered to buy back common shares from
registered and beneficial shareholders of Advantage who own 99 or
fewer common shares ("Odd Lot Holders"). The Odd Lot Program
affords Odd Lot Holders the opportunity to sell all, but not less
than all, of their common shares or to continue to maintain their
current holdings. Advantage will purchase up to a maximum of Cdn.
$4 million of its common shares under
the Odd Lot Program (the "Maximum"). The Odd Lot Program is
open to Odd Lot Holders of record as of March 20, 2018 and began on March 27, 2018. The Odd Lot Program will now
expire once the Maximum is met or at the close of business on
June 19, 2018, whichever comes
earlier.
Odd Lot Holders may participate in the Odd Lot Program using the
participation documents that were previously mailed to them.
Questions regarding the Odd Lot Program should be directed to
Computershare Investor Services Inc. toll free at
1-800-564-6253.
Advisory
The information in this press release contains certain
forward-looking statements, including within the meaning of the
United States Private Securities Litigation Reform Act of 1995.
These statements relate to future events or our future intentions
or performance. All statements other than statements of historical
fact may be forward-looking statements. Forward-looking statements
are often, but not always, identified by the use of words such as
"seek", "anticipate", "plan", "continue", "estimate", "guidance",
"demonstrate", "expect", "may", "can", "will", "project",
"predict", "potential", "target", "intend", "could", "might",
"should", "believe", "would" and similar expressions and include
statements relating to, among other things, Advantage's conduct of
the Odd Lot Program and the details of the Odd Lot Program.
Advantage's actual decisions, activities, results, performance or
achievement could differ materially from those expressed in, or
implied by, such forward-looking statements and accordingly, no
assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur or, if any of
them do, what benefits that Advantage will derive from
them.
These statements involve substantial known and unknown risks
and uncertainties, certain of which are beyond Advantage's control,
including, but not limited to: changes in general economic, market
and business conditions; industry conditions; actions by
governmental or regulatory authorities including increasing taxes
and changes in investment or other regulations; risk that a
significant number of Odd Lot Holders do not tender to the Odd Lot
Program; failure of Advantage to achieve the perceived benefits of
the Odd Lot Program; and changes in tax laws. Many of these
risks and uncertainties and additional risk factors are described
in the Corporation's Annual Information Form which is available at
www.Sedar.com and www.advantageog.com. Readers are cautioned that
the foregoing lists of factors is not exhaustive.
With respect to forward-looking statements contained in this
press release, Advantage has made assumptions regarding, but not
limited to: conditions in general economic and financial markets;
effects of regulation by governmental agencies; current and future
commodity prices and royalty regimes; future exchange rates; timing
and amount of capital expenditures; the price of crude oil and
natural gas; that the Corporation will have sufficient cash flow,
debt or equity sources or other financial resources required to
fund its capital and operating expenditures and requirements as
needed; that the Corporation's conduct and results of operations
will be consistent with its expectations; and current or, where
applicable, proposed assumed industry conditions, laws and
regulations will continue in effect or as anticipated.
These forward-looking statements are made as of the date of
this press release and Advantage disclaims any intent or obligation
to update publicly any forward-looking statements, whether as a
result of new information, future events or results or otherwise,
other than as required by applicable securities laws.
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SOURCE Advantage Oil & Gas Ltd.
