SOURCE: Coronado Midstream, LLC

Coronado Midstream, LLC

November 12, 2014 17:14 ET

Coronado Midstream Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering

MIDLAND, TX--(Marketwired - November 12, 2014) - Coronado Midstream announced today that it has formed a limited partnership, Coronado Midstream Partners LP (the "MLP"), to own, operate, develop and acquire natural gas midstream energy assets in the Permian Basin in West Texas and that it has caused the MLP to confidentially submit a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission relating to a proposed initial public offering of common units to be issued by the MLP. It is expected that the initial assets of the MLP will consist of a natural gas gathering system and processing plants and related facilities in the North Midland Basin.

The date, number of common units to be offered and the price range for the proposed offering have not yet been determined. The initial public offering of the common units of the MLP is subject to a number of factors, including market conditions, and there can be no assurance that there will be an initial public offering or any other transaction.

These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement is being made pursuant to, and in accordance with, Rule 135 under the Securities Act of 1933. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

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