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Gibson Energy Inc.

11:39 AM EST - Gibson Energy Inc. : Announced its intention to issue, on an exempt private placement basis, $300-million senior unsecured notes, subject to market and other conditions. Gibsons intends to utilize the net proceeds from the Private Placement, along with a portion of the net proceeds from the previously announced sale of its Industrial Propane Business, to repay certain indebtedness of the Company. Gibson Energy Inc. shares T.GEI are trading up $0.44 at $19.17.