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Rooster Energy shareholders approve the acquisition of Cochon Properties and Morrison Well Services


Published May 22, 2014
Rooster Energy Ltd.

Rooster Energy Ltd. is pleased to announce that its shareholders have approved the acquisition by the Company of 100% of the membership interests in Cochon Properties, LLC (the "Cochon Acquisition") and 100% of the membership interest in Morrison Well Services, LLC (the "Well Services Acquisition"). The Well Services Acquisition together with the Cochon Acquisition, are hereinafter referred to as the "Transaction".

The Company has issued and outstanding 65,071 proportionate voting shares (each entitled to 1,000 votes) and 40,397,323 common shares or 105,468,323 common shares on a fully diluted basis. As required by Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (MI 61-101), all of the votes attached to the proportionate voting shares and 250,000 common shares were excluded from the voting approval threshold on the basis that such shares are owned or controlled by Chester F. Morrison, Jr., who is an "Interested Party" (as such term is defined in MI 61-101) with respect to the Transaction.

Tags: Rooster Energy




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