SailingStone Capital Partners LLC

SailingStone Capital Partners LLC

August 10, 2016 15:28 ET

SailingStone Capital Partners LLC Reports Decrease in Ownership of Common Shares of Painted Pony Petroleum Ltd.

TORONTO, ONTARIO--(Marketwired - Aug. 10, 2016) - SailingStone Capital Partners LLC ("SailingStone"), announced today that accounts over which SailingStone has investment authority (collectively, the "Accounts") disposed of an aggregate of 177,100 common shares ("Common Shares") in the capital of Painted Pony Petroleum Ltd. (the "Issuer") on August 8, 2016 at a price of CDN$8.55 per Common Share, for aggregate consideration of CDN$1,514,205.

Before this disposition, SailingStone beneficially owned 14,051,365 Shares representing a security holding percentage of approximately 14.05% of the outstanding Common Share of the Issuer. Immediately after giving effect to the transaction noted above, SailingStone controls or exercises discretion over an aggregate of 13,874,265 Common Shares, representing 13.87% of the issued and outstanding Common Shares, based upon the most recently available public information regarding the total issued and outstanding Shares of the Issuer.

The Accounts over which SailingStone has investment authority have disposed of the Common Shares for investment purposes and may increase or decrease its interests in the Issuer in the future as considered appropriate in light of market conditions and other factors.

An Early Warning Report respecting the transaction will be filed on the System for Electronic Document Analysis and Review ("SEDAR") under the Issuer's profile and can be viewed at www.sedar.com.

About SailingStone Capital Partners LLC

SailingStone Capital Partners LLC is an employee-owned investment advisory firm focused exclusively on providing investment solutions in the natural resources sector. Based in San Francisco, SailingStone manages concentrated, long-only separate accounts for institutional investors.

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