Tidewater Midstream announces exercise and closing of private placement over-allotment
ABOUT TIDEWATER
Tidewater is traded on the TSX underneath the image “TWM”. Tidewater’s enterprise goal is to construct a diversified midstream and infrastructure firm within the North American pure fuel, pure fuel liquids, crude oil, refined product, and renewable power worth chain. Its technique is to profitably develop and create shareholder worth by means of the acquisition and growth of typical and renewable power infrastructure. To attain its enterprise goal, Tidewater is concentrated on offering prospects with a full service, vertically built-in worth chain by means of the acquisition and growth of power infrastructure, together with downstream services, pure fuel processing services, pure fuel liquids infrastructure, pipelines, railcars, export terminals, storage, and varied renewable initiatives. To enhance its infrastructure asset base, the Firm additionally markets crude, refined product, pure fuel, NGLs and renewable services and products to prospects throughout North America.
Tidewater is a majority shareholder in Tidewater Renewables, a multi-faceted, power transition firm specializing in the manufacturing of low carbon fuels. Tidewater Renewables’ widespread shares are publicly traded on the TSX underneath the image “LCFS”
NON-GAAP MEASURES
All through this press launch and in different supplies disclosed by the Firm, Tidewater makes use of plenty of monetary measures when assessing its outcomes and measuring total efficiency. The intent of non-GAAP measures and ratios is to offer further helpful data to buyers and analysts. Sure of those monetary measures wouldn’t have a standardized that means prescribed by GAAP and are subsequently unlikely to be similar to comparable measures offered by different entities. As such, these measures shouldn’t be thought-about in isolation or used as an alternative to measures of efficiency ready in accordance with GAAP. For extra data with respect to monetary measures which haven’t been outlined by GAAP, together with reconciliations to the closest comparable GAAP measure, see the “Non-GAAP Measures” part of Tidewater’s most up-to-date MD&A which is on the market on SEDAR.
FORWARD LOOKING STATEMENTS
Sure statements contained on this press launch represent forward-looking statements and forward-looking data (collectively referred to herein as, “forward-looking statements”) inside the that means of relevant Canadian securities legal guidelines. Such forward-looking statements relate to future occasions, situations or future monetary efficiency of Tidewater based mostly on future financial situations and programs of motion. All statements aside from statements of historic truth could also be forward-looking statements. Such forward-looking statements are sometimes, however not all the time, recognized by way of any phrases equivalent to “search”, “anticipate”, “finances”, “plan”, “proceed”, “forecast”, “estimate”, “anticipate”, “focus”, “might”, “will”, “undertaking”, “predict”, “potential”, “focusing on”, “intend”, “may”, “may”, “ought to”, “consider”, “will possible outcome”, “are anticipated to”, “will proceed”, “is anticipated”, “believes”, “estimated”, “intends”, “plans”, “projection”, “outlook”, “technique” and comparable expressions. These statements contain recognized and unknown dangers, assumptions, uncertainties and different components which will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking statements. The Firm believes the expectations mirrored in these forward-looking statements are cheap, however no assurance could be on condition that these expectations will show to be appropriate and such forward-looking statements included on this press launch shouldn’t be unduly relied upon.
Though the forward-looking statements contained on this press launch are based mostly upon assumptions which administration of the Firm believes to be cheap, the Firm can’t guarantee buyers that precise outcomes will probably be per these forward-looking statements. Any forward-looking data contained on this press launch represents expectations as of the date of this press launch and are topic to alter after such date. Nevertheless, the Firm is underneath no obligation (and the Firm expressly disclaims any such obligation) to replace or alter any statements containing forward-looking data, the components or assumptions underlying them, whether or not because of new data, future occasions or in any other case, besides as required by legislation. All of the forward-looking data on this press launch is certified by the cautionary statements herein.
Ahead-looking data is offered herein for the aim of giving details about the Over-Allotment Providing referred to above. Readers are cautioned that such data will not be applicable for different functions. Additional details about components affecting forward-looking statements and administration’s assumptions and evaluation thereof is on the market in filings made by the Firm with Canadian provincial securities commissions accessible on the System for Digital Doc Evaluation and Retrieval (“SEDAR”) at www.sedar.com.
For additional data: Joel Macleod, Chairman & Chief Govt Officer, Tidewater Midstream and Infrastructure Ltd., Telephone: (587) 475-0210, E mail: jmacleod@tidewatermidstream.com; Brian Newmarch, Chief Monetary Officer, Tidewater Midstream and Infrastructure Ltd., Telephone: (587) 315-8368, E mail: bnewmarch@tidewatermidstream.com
