Parex Announces Shareholder and Court Approval of Arrangement
24 Giugno 2014 - 11:17PM
Marketwired
Parex Announces Shareholder and Court Approval of Arrangement
CALGARY, ALBERTA--(Marketwired - Jun 24, 2014) -
NOT FOR DISTRIBUTION OR FOR DISSEMINATION IN THE UNITED
STATES
Parex Resources Inc. ("Parex" or the "Company") (TSX:PXT) and
Verano Energy Limited ("Verano") are pleased to announce that the
shareholders of Verano ("Verano Shareholders") have approved the
previously announced plan of arrangement (the "Arrangement")
pursuant to which Parex will acquire all of the issued and
outstanding common shares of Verano (the "Verano Shares"). The
Arrangement was approved by Verano Shareholders holding 100% of the
Verano Shares who voted on the Arrangement in person or by proxy at
the meeting of Verano Shareholders to approve the Arrangement (the
"Meeting").
Following the Meeting, Verano received final approval of the
Arrangement from the Court of Queen's Bench of Alberta and closing
of the Arrangement is expected to occur on June 25, 2014.
This news release does not constitute an offer to sell
securities, nor is it a solicitation of an offer to buy securities,
in any jurisdiction.
Advisory on Forward Looking Statements
Certain information set forth in this document contains
forward-looking statements that involve substantial known and
unknown risks and uncertainties. The use of any of the words
"will", "expect", "intend", "anticipate" or other similar words, or
statements that certain events or conditions "may" or "will" occur
are intended to identify forward-looking statements. These
statements are only predictions and actual events or results may
differ materially. Although management believes that the
expectations reflected in the forward-looking statements are
reasonable, it cannot guarantee future results, performance or
achievement since such expectations are inherently subject to
significant business, economic, competitive, political and social
uncertainties and contingencies. Many factors could cause actual
results to differ materially from those expressed or implied in any
forward-looking statements made by, or on behalf of, Parex and
Verano.
In particular, forward-looking statements contained in this
document include, but are not limited to, the terms of the
Arrangement and the anticipated timing of closing of the
Arrangement. These forward-looking statements are subject to
numerous risks and uncertainties, including but not limited to, the
failure of each of Parex and Verano to satisfy the conditions to
completion of the Arrangement in a timely manner, or at all; the
impact of general economic conditions in Canada and Colombia;
industry conditions including changes in laws and regulations
including adoption of new environmental laws and regulations, and
changes in how they are interpreted and enforced, in Canada and
Colombia; competition; lack of availability of qualified personnel;
the results of exploration and development drilling and related
activities; country risk associated with conducting international
activities; volatility in market prices for oil; fluctuations in
foreign exchange or interest rates; environmental risks; changes in
income tax laws or changes in tax laws and incentive programs
relating to the oil industry; ability to access sufficient capital
from internal and external sources; and other factors, many of
which are beyond the control of Parex and Verano. Readers are
cautioned that the foregoing list of factors is not exhaustive.
Failure to satisfy the conditions to completion of the Arrangement
may result in the Arrangement not being completed on the proposed
terms, or at all and the anticipated closing date may change for a
number of reasons, including the need for additional time to
satisfy the other conditions to the completion of the Arrangement.
With respect to the forward-looking statements contained in this
document, Parex has made assumptions regarding: the ability of each
of Parex and Verano to satisfy, in a timely manner, the conditions
to the closing of the Arrangement.
Although the forward-looking statements contained in this press
release are based upon assumptions which management believes to be
reasonable, Parex and Verano cannot assure investors that actual
results will be consistent with these forward-looking statements.
These forward-looking statements are made as of the date of this
document and Parex and Verano disclaim any intent or obligation to
update publicly any forward-looking statements, whether as a result
of new information, future events or results or otherwise, other
than as required by applicable securities laws.
Parex Resources Inc.Mike KruchtenVice-President Corporate
Planning and Investor Relations(403)
517-1733Investor.relations@parexresources.comVerano Energy
LimitedKristen BibbyVice President, Finance and Chief Financial
Officer403.984.4224ir@veranoenergy.com
Grafico Azioni Parex Resources (TSX:PXT)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Parex Resources (TSX:PXT)
Storico
Da Gen 2024 a Gen 2025
