Rooster Energy PRBEQ

Energy

"Rooster Energy Ltd is an oil and natural gas exploration and production company which is engaged in the acquisition, development, and exploration of petroleum and natural gas and the delivery of well intervention services. It provides plugging and abandonment services in the Gulf of Mexico. The company operates through Oil and natural gas, and Well services segment."

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Rooster Energy

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Comment by VictoryLapon Jul 07, 2015 6:19am

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Post# 23897467

RE:RE:RE:RE:RE:Heads-up gang, StonePoint (STO) is being bought

The news release says management only represents 24% of vote:

"Each of the directors and executive officers of StonePoint and certain shareholders of StonePoint, representing in aggregate approximately 24% of the issued and outstanding StonePoint Common Shares (on a non-diluted basis), have committed to vote their StonePoint common shares in favour of the Transaction at the StonePoint special shareholders meeting (the "Special Meeting") to be held to consider the Transaction. The Transaction will require approval of 66 2/3% of the votes cast by StonePoint shareholders in person or by proxy at the Special Meeting as well as approval of the majority of the votes cast by StonePoint shareholders after excluding the votes required to be excluded in determining "majority of the minority" approval in accordance with Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions."

Approval requires 66.6% of all shareholders.

This first offer will not be approved.