Waterous Energy Fund Announces Disposition of Shares of Strathcona Resources Ltd.
Waterous Energy Fund Management Corp. (the "WEF Manager"), in its capacity as manager of certain limited partnerships, including but not limited to, Waterous Energy Fund (Canadian) LP, Waterous Energy Fund (US) LP and Waterous Energy Fund (International) LP (collectively, the "Fund I Limited Partnerships", and together with Waterous Energy Fund II Aggregator LP and certain other entities managed by the WEF Manager, the "WEF Funds"), today announced that the Fund I Limited Partnerships have completed a share pass-through transaction, resulting in the disposition of 13,551,243 common shares ("Common Shares") of Strathcona Resources Ltd. (the "Company"), representing approximately 6.3% of the issued and outstanding Common Shares, to certain limited partners of the Fund I Limited Partnerships (the "Transaction"). Immediately before the Transaction, the WEF Funds collectively owned an aggregate of 142,604,830 Common Shares, representing approximately 66.6% of the issued and outstanding Common Shares. Following completion of the Transaction, the WEF Funds collectively own an aggregate of 129,053,587 Common Shares, representing approximately 60.2% of the issued and outstanding Common Shares.
