StonePoint Energy Announces Completion of Acquisition by Endurance Energy


Oil and Gas - Sep 3, 2015

StonePoint Energy, announces the completion of the previously announced acquisition by Endurance Energy Ltd. of all of the outstanding StonePoint common shares pursuant to an arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). Under the Arrangement, which was approved by over 97.7% of the votes cast by StonePoint shareholder at the special meeting held to approve the Arrangement, StonePoint shareholders received $0.078125 cash for each StonePoint common share. The aggregate purchase price paid for the StonePoint common shares was $16,747,126. It is anticipated that the StonePoint shares will be delisted from trading on the TSX Venture Exchange at the close of trading on September 4, 2015.

Source : StonePoint Energy Inc.

Published on Global Energy World: Sep 3, 2015

 

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