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MGM Energy enters into arrangement agreement with Paramount Resources


Published Apr 16, 2014
MGM Energy Corp.

MGM Energy Corp. has entered into a formal arrangement agreement (the "Arrangement Agreement") with Paramount Resources Ltd. ("Paramount") whereby Paramount would acquire all of the common shares ("Common Shares") of MGM Energy not currently owned by Paramount.

Pursuant to the Arrangement Agreement, Paramount would acquire the Common Shares not owned by it pursuant to an arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). Under the terms of the Arrangement, all shareholders of MGM Energy other than Paramount would receive one Class A Common Share of Paramount for every 300 Common Shares of MGM Energy.

Tags: MGM Energy




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