Bullboard - Stock Discussion Forum Rubellite Energy Corp T.RBY

Alternate Symbol(s): T.RBY.WT | RUBLF

Rubellite Energy Corp. is a Canada-based company. The Company’s wholly owned subsidiaries include Rubellite Energy Inc. (Rubellite), and Perpetual Energy Inc. (Perpetual). Rubellite is an energy company engaged in the exploration, development and production of heavy crude oil from the Clearwater and Mannville stack Formations in Eastern Alberta, utilizing multilateral drilling technology... see more

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TSX:RBY - Post Discussion

Rubellite Energy Corp > JOINTLY ANNOUNCE A STRATEGIC RECOMBINATION T.PMT T.RBY

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Post by Betteryear2 on Sep 17, 2024 7:11pm

JOINTLY ANNOUNCE A STRATEGIC RECOMBINATION T.PMT T.RBY

CALGARY, AB, Sept. 17, 2024 /CNW/ - Rubellite Energy Inc. (TSX:RBY) ("Rubellite") and Perpetual Energy Inc. (TSX:PMT) ("Perpetual") are pleased to jointly announce that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") whereby Rubellite and Perpetual will recombine in an all-share transaction (the "Transaction") to create a stronger company that will be managed by the existing executive team and will operate as Rubellite Energy Corp. The Transaction, which will be completed by way of a plan of arrangement, will have significant benefits for both Rubellite and Perpetual shareholders and all other stakeholders.

RUBELLITE ENERGY INC. AND PERPETUAL ENERGY INC. JOINTLY ANNOUNCE A STRATEGIC RECOMBINATION TO UNLOCK SHAREHOLDER VALUE THROUGH INCREASED SCALE, IMPROVED ACCESS TO CAPITAL, ENHANCED OPTIONALITY AND MATERIAL SYNERGIES (newswire.ca)

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