Kicking Horse Energy Inc. V.CEX

Bad Deal

[indoubtgetout]

for Contact Shareholders. CEX got the short end of the stick on this one for sure! So, DCK may have solved its legal problems, will this deal ignite them for CEX?? If I was a CEX shareholder I would not vote in favor of this deal.

[Lunchisforwimps]

So you are not a CEX shareholder? What is your interest here? The legal issues will have been assessed by CEX/DCK legal counsel and by counsel of the syndicate doing the bought deal. It would have been looked at from every angle (DEI liability insurance coverage etc.). That will be boxed in and detailed in the merger circular for shareholders to decide. The fairness opinion on the merger will also

[indoubtgetout]

Obviously you are not a CEX shareholder and if you are I cannot understand your logic. Why does CEX have to raise monies at $0.37? Why not do the merger and then raise monies under Kicking horse. Then CEX shareholders would have merged at 44 cents. You are correct, it is a big (shareholder) boy game.

[Lunchisforwimps]

Oil and Gas Investment Bulletin Excerpt DONNYCREEK BOUGHT OUT FOR BIG PREMIUM BY PARTNER CONTACT Donnycreek was bought out by partner Contact Exploration (CEX-TSXv) today—for a share ratio that works out to $2.96 for DCK shareholders. It's at least $130,000 in liquidity for me here at $2.64 trading right now This is great news for me—I get liquidity if I want it right at the high of the stock