/ NOT FOR CIRCULATION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
CALGARY, AB, Oct. 6, 2025/ CNW/ – Rockpoint Gas Storage Inc. (“ Rockpoint” or the “ Business“) reveals today an upsize of its formerly revealed going public of class “A” typical shares (“ Class A Shares“) of the Business (the “ Using“). The Business now anticipates the Using to include 32,000,000 Class A Shares to be provided from treasury at an offering cost in between C$ 19.00 and C$ 22.00 per Class A Share for anticipated gross earnings in between C$ 608 million and C$ 704 million, and specific offering investors to give the underwriters a choice (the “ Over-Allotment Choice“) to get approximately an extra 4,800,000 Class A Shares, exercisable at any time, in entire or in part, up until 1 month after the closing date of the Offering, to cover over-allotments, if any, and for market stabilization functions.
RBC Capital Markets and J.P. Morgan are serving as joint lead bookrunning supervisors for the upsized Offering.
Following conclusion of the upsized Offering, affiliates of Brookfield Possession Management Private Institutional Capital Advisor ( Canada), L.P. (“ Brookfield“) will own around 39.8% of the 53,200,000 impressive Class A Shares (30.8% if the Over-Allotment Choice is worked out completely) and all of the Business’s 79,800,000 impressive class “B” voting shares, making up around 75.9% of the votes connected to the 133,000,000 overall impressive shares of the Business (72.3% if the Over-Allotment Choice is worked out completely).
The Business plans to utilize the earnings from the upsized Offering, together with the issuance of the 21,200,000 Class A Shares to affiliates of Brookfield, to get a 40% interest in Rockpoint Gas Storage’s gas storage service. No earnings from the workout of the Over-Allotment Choice will be paid to the Business.
The Toronto Stock Market (“ TSX“) has actually conditionally authorized the listing of the Class A Shares under the trading sign “RGSI”, based on satisfying popular TSX requirements.
The Business plans to submit marketing products consisting of the defined prices info relating to the upsized Using consisted of in journalism release under the Business’s profile on SEDAR+ at www.sedarplus.com. The underwriters for the upsized Offering are counting on Coordinated Blanket Order 41-930 Exemptions from Particular Prospectus and Disclosure Requirements to supply marketing products consisting of the defined prices info relating to the upsized Using to prospective financiers without additional change to the Business’s changed and reiterated initial base preparation prospectus dated September 26, 2025 (the “ Changed and Reiterated Initial Prospectus“).
The Business has actually submitted the Changed and Reiterated Initial Prospectus with the securities regulative authorities in each of the provinces and areas in Canada The Changed and Reiterated Initial Prospectus consists of crucial info associating with the Business, the Class A Shares and the Offering and is still based on change and conclusion. Copies of the Changed and Reiterated Initial Prospectus and any change are available under the Business’s profile on SEDAR+ at www.sedarplus.com. An electronic or paper copy of the Changed and Reiterated Initial Prospectus and any change might be gotten, without charge, from RBC Rule Securities Inc. by mail at Attention: Circulation Centre, RBC Wellington Square, 8th Flooring, 180 Wellington Street West, Toronto, Ontario, Canada, M5J 0C2 and by email at distribution.rbcds@rbccm.com; or J.P. Morgan Securities Canada Inc. by mail at Attention: Equity Sales Desk, Suite 4500, TD Bank Tower, 66 Wellington Street West, Toronto, Ontario, Canada, M5K 1E7.
No securities regulative authority has actually either authorized or disapproved the contents of this news release. This news release does not make up a deal to offer or the solicitation of a deal to purchase, nor will there be any sale or any approval of a deal to purchase these securities in any province or area of Canada prior to the time of invoice for the last base preparation prospectus or other permission is gotten from the securities regulative authority in such province or area.
The Class A Shares have actually not been and will not be signed up under the United States Securities Act of 1933, as changed (the “ U.S. Securities Act“), or any state securities laws, and might not be used, offered or provided, straight or indirectly, in the United States or to a U.S. individual (as such term is specified in Policy S under the U.S. Securities Act) unless signed up under the U.S. Securities Act and suitable state securities laws or pursuant to specific exemptions from the registration requirements of the U.S. Securities Act and suitable state securities laws. This news release does not make up a deal to offer or a solicitation of a deal to purchase any of the Class A Shares in the United States
About Rockpoint Gas Storage
Rockpoint Gas Storage is the biggest independent pure play operator of gas storage centers in The United States And Canada Rockpoint Gas Storage owns and runs 6 tactically situated gas storage centers with a combined reliable working gas storage capability of around 280 Bcf that is important for guaranteeing the reputable and steady supply of gas in its service locations. The Business thinks that the properties are distinctively placed to catch the advantages connected with growing gas need, especially from LNG, gas-fired power generation to support information centre development, oil sands and electrification broadly. Rockpoint Gas Storage’s service method is to enhance its storage platform to take advantage of these need patterns and provide its consumers distinct and extremely personalized gas storage services which are important to their operations.
Happily headquartered in Calgary, Alberta, Rockpoint Gas Storage’s property portfolio has a 37-year operating history and is handled by a market leading and extremely knowledgeable management group.
Positive Declarations
This news release might consist of positive info and positive declarations within the significance of suitable securities laws (jointly, “ positive declarations“), consisting of declarations relating to the upsized Offering, consisting of the offering cost, the variety of Class A Shares to be used, the anticipated gross earnings, and the over-allotment choice, business and potential customers of Rockpoint Gas Storage and market conditions. Positive declarations are declarations that are potential in nature, rely on or describe future occasions or conditions and are recognized by words such as “will”, “anticipates”, “prepares for”, “plans”, “strategies”, “thinks”, “quotes” or comparable expressions worrying matters that are not historic truths. Although management thinks the expectations shown in such positive declarations are sensible and represent the Business’s internal expectations and beliefs at this time, such declarations include understood and unidentified threats and unpredictabilities and might not show to be precise and specific goals and tactical objectives might not be accomplished. A range of elements, much of which are beyond the Business’s control, might trigger real lead to future durations to vary materially from present expectations of occasions or results revealed or suggested by such positive declarations, consisting of the threats recognized in the Changed and Reiterated Initial Prospectus, consisting of under the heading “Danger Elements” therein. Readers are warned versus putting excessive dependence on positive declarations. Other than as needed by suitable Canadian securities laws, the Business carries out no responsibility to upgrade or modify openly any positive declarations, whether as an outcome of brand-new info, future occasions or otherwise, after the date on which the declarations are made.
SOURCE Rockpoint Gas Storage Inc.