Forza Petroleum Announces Going Private Transaction Consideration of CAD 0.15 per common share delivers 36% premium, and provides immediate and certain cash value to minority shareholders
Calgary, Alberta--(Newsfile Corp. - December 11, 2023) - Forza Petroleum Limited (TSX: FORZ) ("Forza Petroleum" or the "Corporation") today announced that it has entered into an arrangement agreement (the "Agreement") with Zeg Oil and Gas Ltd. ("Zeg Oil") and a newly formed wholly-owned subsidiary of Zeg Oil (the "Purchaser") pursuant to which the Purchaser has agreed to acquire all of the outstanding common shares of the Corporation (the "Common Shares") that are not already owned by the Purchaser or Zeg Oil by way of a court-approved plan of arrangement (the "Arrangement") at a purchase price of CAD 0.15 per Common Share in cash (the "Consideration").
Forza Petroleum Announces Going Private Transaction (newsfilecorp.com)