Encana commences consent solicitation
CALGARY, ALBERTA, Nov 05, 2012 (Menafn - MARKETWIRE via COMTEX) --Encana Corporation ECA ("Encana") announced ithas commenced a consent solicitation to amend the indentures relatingto its 8.125% Notes due 2030, 7.375% Notes due 2031, and 7.2% Notesdue 2031 (collectively, "the Notes"). The purpose of the consentsolicitation is to amend certain definitions to reflect Encana'sadoption of U.S. GAAP and to amend certain provisions to be moreconsistent with other indentures executed by Encana. The proposedamendments to the indentures are fully described in the ConsentSolicitation Statement dated November 5, 2012 (the "ConsentSolicitation Statement"). Holders of the Notes are urged to read andcarefully consider the information contained in the ConsentSolicitation Statement.
The consent solicitation expires at 5:00 p.m., New York City time, onNovember 16, 2012, unless otherwise extended by Encana (such time anddate, as they may be extended, the "Expiration Date"). Only holdersof record of the Notes as of 5:00 p.m., New York City time, onNovember 2, 2012 are eligible to deliver consents to the proposedamendments in the consent solicitation.
As described in the Consent Solicitation Statement, Encana will pay aconsent fee to each person shown on the records of the registrar forthe Notes as a holder at 5:00 p.m., New York City time, on November2, 2012 who has properly delivered, and not revoked, a consent to aproposal by the Expiration Date. Encana's obligation to acceptconsents and pay a consent fee is subject to certain conditions asset out in the Consent Solicitation Statement.
Wells Fargo Securities is acting as the Solicitation Agent for theconsent solicitation. D.F. King & Co., Inc. is acting as theInformation and Tabulation Agent. Questions concerning the terms ofthe consent solicitation should be directed to Wells Fargo Securitiesat (866) 309-6316 (toll-free) or (704) 715-8341 (collect). Requestsfor assistance in completing the consent form or requests foradditional copies of the consent solicitation statement, the consentform or other related documents may be directed to D.F. King at (800)758-5880 (toll-free) or (212) 269-5550 (banks and brokers).
Advisory: This news release is for informational purposes only anddoes not constitute an offer to sell or the solicitation of an offerto buy the Notes or any other security and shall not constitute anoffer, solicitation or sale in any jurisdiction in which, or to anypersons to whom, such offering, solicitation or sale would beunlawful. The consent solicitation is being made solely pursuant tothe Consent Solicitation Statement dated November 5, 2012 and theaccompanying consent form.
Encana is a leading North American energy producer that is focused ongrowing its strong portfolio of diverse resource plays producingnatural gas, oil and natural gas liquids. By partnering withemployees, community organizations and other businesses, Encanacontributes to the strength and sustainability of the communitieswhere it operates. Encana common shares trade on the Toronto and NewYork stock exchanges under the symbol ECA.
Further information on Encana Corporation is available on thecompany's website, www.encana.com.
Source: Encana Corporation
Vice-President, Investor Relations
Manager, Investor Relations
SOURCE: Encana Corporation
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