Alexander Energy Ltd. will proceed with the previously approved share consolidation and name change. On the effective date, which is expected to be on or about February 28, 2014, the currently outstanding common shares of Alexander (the "Common Shares") will be consolidated on the basis of one new Common Share for four existing Common Shares (the "Consolidation"), and Alexander's name will be changed to "Spartan Energy Corp." (the "Name Change").

In the event that the number of existing Common Shares held by a shareholder is not evenly divisible by four, the number of post-Consolidation Common Shares issued to such shareholder shall be rounded up to the next greater whole number if the fractional entitlement is equal to or greater than 0.5 and shall be rounded down to the next lesser whole number if the fractional entitlement is less than 0.5.

Tags: Alexander Energy Ltd.