Renegade Petroleum to delist April 9 2014-04-09 16:31 ET - Shares Delisted from TSX-V
Also Acquisition (C-SPE) Spartan Energy Corp
The TSX Venture Exchange has accepted for filing documentation pursuant to the arrangement agreement dated Feb. 10, 2014, between Spartan Energy Corp. and Renegade Petroleum Ltd. whereby Spartan will acquire all of the issued and outstanding common shares of Renegade by way of plan of arrangement. Approval of the arrangement was obtained from shareholders of Renegade at a special meeting of shareholders held on March 31, 2014. Pursuant to the terms of the arrangement, shareholders of Renegade will receive 0.5625 of a common share of Spartan on a postconsolidated basis for each outstanding Renegade share held.
Effective at the close of business on Wednesday, April 9, 2014, the shares of Renegade will be delisted from the exchange and shares of Spartan will remain trading. For further information please refer to the Renegade information circular dated March 4, 2014, and Spartan's news releases dated Feb. 11, 2014, and March 31, 2014.