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Eaglewood announces acquisition by Transform Exploration Pty Ltd. for $0.38 per share


Published May 20, 2014
Eaglewood Energy Inc.

Eaglewood Energy Inc. has entered into an arrangement agreement (the "Arrangement Agreement") with Transform Exploration Pty Ltd. (Transform), an oil and gas company focused on the Australasian and South-East Asian regions, for the purchase of all of the issued and outstanding shares of Eaglewood by a wholly-owned subsidiary of Transform, pursuant to a plan of arrangement conducted pursuant to the Business Corporations Act (Alberta) (the "Arrangement").

Under the terms of the Arrangement Agreement, Eaglewood shareholders will receive CDN$0.38 in cash for each Eaglewood common share (each an "Eaglewood Share"), representing a premium of approximately 20% over the volume weighted average trading price of CDN$0.315 per Eaglewood Share on the TSX Venture Exchange (TSXV) for the 30-trading days ending May 16, 2014. It is anticipated that the Arrangement will close on or before July 8, 2014.

Tags: Eaglewood Energy




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