Priviti Oil & Gas Opportunities Limited Partnership 2013

Priviti Oil & Gas Opportunities Limited Partnership 2013

November 22, 2013 11:57 ET

Priviti Oil & Gas Opportunities Limited Partnership 2013 Announces First Distribution

CALGARY, ALBERTA--(Marketwired - Nov. 22, 2013) - Priviti Capital Corporation, the Investment Fund Manager for Priviti Oil & Gas Opportunities Limited Partnership 2013 ("POGO 2013" or "the Fund"), is pleased to announce the first distribution to the Fund's limited partners. The Fund will be distributing money back to its unitholders as a result of its investment in Novus Energy Inc. ("Novus"), a public company that trades on the TSX under the symbol NVS. POGO 2013 recently sold its investment of Novus in the open market for approximately $1.13/share for a return on investment of 43%. The details of the distribution payment are as follows:

  • Distribution rate - $0.38448665/unit for Class A and Class F units
  • Record date - November 19, 2013
  • Payable date - November 22, 2013

We believe that POGO 2013 is off to a great start with this early distribution. Currently the Fund is 39% invested in a portfolio of two private and eight public companies.

About Priviti Capital Corporation

Priviti Capital Corporation is a Calgary, Alberta based private equity firm that specializes in the Canadian energy market. We manage a number of private equity funds that invest in quality private and public energy corporations. For further information, please visit our website at www.priviticapital.com.

Certain information set forth in this press release, including a discussion of future plans and operations, contains forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond management's control, including but not limited to, the impact of general economic conditions, industry conditions, fluctuation of commodity prices, fluctuation of foreign exchange rates, environmental risks industry competition, availability of qualified personnel and management, stock market volatility, timely and cost effective access to sufficient capital from internal and external sources. Actual results, performance or achievement could differ from those expressed in or implied by these forward-looking statements.

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