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Bullboard - Stock Discussion Forum KFG Resources Ltd. V.KFG

KFG Resources Ltd is a North American based company. It is primarily engaged in the production of crude oil and natural gas in the United States. It has developed onshore oil and gas reserves with activities concentrated in Concordia, Catahoula Parishes, Louisiana, Wilkinson Counties, Mississippi, Comanche County and, Kansas. Also, the company is focused on participating in the drilling of... see more

TSXV:KFG - Post Discussion

KFG Resources Ltd. > News: Cadillac gets support from KFG directors, holders
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Post by Roddiggiti on Mar 02, 2021 11:12am

News: Cadillac gets support from KFG directors, holders

 

2021-03-01 16:38 MT - News Release

See News Release (C-CDC) Cadillac Ventures Inc (2)

Mr. Norman Brewster of Cadillac Ventures reports

CADILLAC VENTURES INC. AND KFG RESOURCES LTD. ENTER IN VOTING SUPPORT AGREEMENTS RESPECTING THE ARRANGEMENT

In connection with the previously announced proposed plan of arrangement involving Cadillac Ventures Inc., KFG Resources Ltd. and the shareholders of KFG (see the press releases of Cadillac and KFG, each dated Feb. 9, 2021), all of the directors and executive officers of KFG and certain shareholders of KFG, collectively holding approximately 41.7 per cent of the issued and outstanding common shares of KFG, have entered into voting support agreements with Cadillac.

Pursuant to the voting support agreements, the KFG supporting shareholders have agreed, among other things, to vote all of their KFG shares in favour of the arrangement at a special meeting of holders of KFG shares to be held to consider the arrangement and to otherwise support the arrangement, subject to the provisions of such voting support agreements.

Copies of the voting support agreements will be filed under KFG's profile on SEDAR.

We seek Safe Harbor.

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