Corcel Regulatory News (CRCL)

Caracal Energy Inc. Filing of Final Base Shelf Prospectus in Canada CALGARY, Oct. 25, 2013 /CNW/ - Caracal Energy Inc. ("Caracal" or the"Company"), (LSE: CRCL), announces that on October 24, 2013 it filed a finalshort form base shelf prospectus (the "Final Base Shelf Prospectus") with thesecurities regulatory authorities in each of the Provinces of Canada, otherthan the Province of Quebec. The Canadian regime of a base shelf prospectus allows the Company to offercommon shares, subscription receipts, warrants and debt securities(collectively, the "Securities") or any combination thereof up to an aggregateoffering price of US$1,000,000,000 during a 25-month period that a base shelfprospectus remains effective. Securities may be offered separately or together,in amounts, at prices and on terms to be determined based on market conditionsat the time of sale and set forth in an accompanying supplement that would alsobe provided with the base shelf prospectus to investors. Unless otherwisespecified in a supplement, the net proceeds from the sale of the Securitiesunder this regime would be used for general corporate purposes, to repayindebtedness and to fund capital expenditures. Caracal has filed this Final Base Shelf Prospectus to maintain financialflexibility and to have the ability to offer the Securities on an acceleratedbasis, once a supplement is filed over the 25-month time frame. There is nocertainty that any offering of Securities will occur under this regime withinthe 25-month period. A copy of the Final Base Shelf Prospectus will be available on SEDAR (www.sedar.com). About Caracal Energy Inc. Based in Canada, Caracal Energy Inc. is an international exploration anddevelopment company focused on oil and gas exploration, development andproduction activities in the Republic of Chad, Africa. In 2011, the Companyentered into three production sharing contracts ("PSCs") from the government ofthe Republic of Chad. These PSCs provide exclusive rights to explore anddevelop reserves and resources over a combined area of 26,103 km2 in southernChad. The PSCs cover two world-class oil basins with development opportunity,oil discoveries, and numerous exploration prospects. Cautionary Statement Certain of the information contained in this press release constitutesforward-looking statements under applicable securities law, such as estimatesand statements that describe the Company's future plans, objectives or goals,including words to the effect that the Company or management expects a statedcondition or result to occur. Forward-looking statements are often identifiedby terms such as "may," "should," "would," "anticipate," "expects," "seeks" andsimilar expressions. Although Caracal believes that the expectations andassumptions on which such forward-looking statements and information arereasonable, undue reliance should not be placed on the forward-lookingstatements and information because Caracal can give no assurance that suchstatements and information will prove to be correct. Since forward-lookingstatements address future events and conditions, by their very nature, theyinvolve inherent risks and uncertainties. For further information: Caracal Energy Inc.Gary Guidry, President and Chief Executive OfficerTrevor Peters, Chief Financial Officer 403-724-7200 Longview Communications - Canadian MediaEnquiriesAlan BaylessJoel Shaffer 604-694-6035416-649-8006 FTI Consulting - UK Media EnquiriesBen Brewerton / Ed Westropp + 44 (0) 207 8313 3113caracalenergy.sc@fticonsulting.com