Pacific Rubiales announces receipt of interim order for plan of arrangement

Source Press Release
Company Frontera Energy CorporationALFA, S.A.B. de C.V 
Tags Corporate Deals, Deals, Strategy - Corporate, Upstream Activities
Date June 05, 2015

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) today announced that it has obtained an interim order of the Supreme Court of British Columbia providing for the holding of a special meeting of the holders of common shares of the Company to approve the previously announced arrangement under the Business Corporations Act (British Columbia) involving the Company, Harbour Energy, L.P.,  Harbour Energy Ltd., ALFA, S.A.B. de C.V. and 1035815 B.C. Ltd. (the ""Purchaser), pursuant to which the Purchaser will acquire all of the outstanding common shares of the Company not already owned by ALFA or held by the Company in treasury for cash consideration of C$6.50per share (the ""Arrangement).

The special meeting is scheduled to be held on Tuesday, July 7, 2015 at 9:00 a.m. (PDT) / 12:00 noon (EDT) in the Saturna Room of the Fairmont Hotel Vancouver, 900 West Georgia Street, Vancouver, British Columbia (the ""Meeting). The management information circular will be mailed shortly to shareholders of the Company in connection with the Meeting.

The board of directors of the Company has unanimously approved the Arrangement and recommends that shareholders vote  FOR the Arrangement.

Source: EvaluateEnergy® ©2020 EvaluateEnergy Ltd