|  BMO InvestorLine has been informed of the Plan of Arrangement between Pacific Rubiales Energy Corp & ALFA, S.A.B. DE C.V. AND Harbour Energy Limited. Terms: Option 1: Cash (CAD)
To receive CAD $6.50 for each share of Pacific Rubiales Energy Cop. Tendered. Option 2: Cash (USD)
To receive the USD equivalent of CAD $6.50 for each share of Pacific Rubiales Energy Cop. Tendered. Option 99: Do Nothing (DEFAULT)
To receive CAD $6.50 for each share of Pacific Rubiales Energy Cop. Tendered.
Important Notes
The Corporation currently expects the Effective Date to occur in July 2015, however, it is not possible to determine with certainty when the Effective Date will occur. Substitute Form W-9 for U.S. Shareholders Only Participants are advised that a U.S. Shareholder may be subject to U.S. backup withholding tax. Each U.S. Shareholder of Pacific Rubiales Energy Corp. is urged to consult his or her own tax advisor to determine whether such holder is required to furnish Substitute Form W-9, is exempt from backup withholding and information reporting, or is required to furnish an IRS (Internal Revenue Service) Form W-8. A U.S. Shareholder who fails to properly complete the substitute Form W-9 set forth in the Letter of Transmittal or, if applicable, the appropriate IRS Form W-8 may be subject to backup withholding of 28% of the gross proceeds of any payments made to such holder pursuant to the plan of arrangement.
BMO InvestorLine requests that you direct inquiries pertaining to the offer (other than submission of instructions) to Pacific Rubiales Energy Corp. Shareholders are advised to obtain independent advice and consult the offering circular regarding any possible tax consequences and for further details of the offer. Please call BMO InvestorLine on 1-888-776-6886 and provide your instructions. Faxes and/or written instructions will not be accepted. Instructions must be received prior to July 02, 2015 9:00am Eastern Standard Time (EST). Any instructions received after this time will be sent on a best effort basis only. If no instructions are received, BMO InvestorLine will take no action. BMO InvestorLine does not charge your account any commission for reorganizations or entitlements. Please allow 1-3 weeks after the expiry date for processing of Canadian issues and up to 90 days if US based. If you tender your shares to an offer, please ensure you do not place any sell orders on the position. This may result in a short position and financial losses that you may be responsible for. If you wish to place a sell order, please contact us first to ensure your original instructions can be cancelled. For offers that include a cash payment, the payment will be deposited in the account in the same currency as the currency in which the position is held in the account, which may result in exposure to a foreign currency conversion. BMO Investorline will not be responsible for any losses incurred as a result of a foreign exchange conversion. Regards,
BMO InvestorLine
The information in this letter is compiled from sources believed reliable. However, BMO InvestorLine does not ensure the accuracy, adequacy, timeliness, completeness, or fitness of the data and as such assumes no liability for any losses resulting in its use. |