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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sun., Jun. 26, 8:16 PM

Slide #2. Reignwood Resources Holding Pte. Ltd. Twin Butte Energy Ltd.

Acquirer: Reignwood Resources Holding Pte. Ltd.
Acquiree: Twin Butte Energy Ltd. (TSE:TBE.CA)
Details: Twin Butte Energy Ltd. ("Twin Butte" or the "Company") and Reignwood Resources Holding Pte. Ltd. (the "Purchaser") are pleased to announce today that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") pursuant to which the Purchaser has agreed to acquire: i) all of the outstanding common shares of Twin Butte ("Twin Butte Shares") for cash consideration of $0.06 per share (the "Share Consideration"), and ii) all of the outstanding 6.25% convertible unsecured subordinated debentures due December 31, 2018 of Twin Butte (the "Debentures") for cash consideration of $140 per $1,000 principal amount of Debentures, plus accrued and unpaid interest thereon (the "Debenture Consideration"). The proposed transaction (the "Transaction") is to be completed by way of a plan of arrangement under the Business Corporations Act (Alberta).



Open the TBE.CA Page at The Online Investor »

Company Name:  Twin Butte Energy Ltd
Website:  www.twinbutteenergy.com
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding TBE.CA:  1
Total Market Value Held by ETFs:  $5323
Total Market Capitalization:  $8.00M
% of Market Cap. Held by ETFs:  0.07%
 

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June 26, 2016    8:16 PM Eastern
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