Energy M&A » By The Online Investor Staff, updated Thu., Apr. 18, 4:50 AM
Recent mergers and acquisitions in the Energy M&A category.
Slide #19. Tourmaline — Santonia Energy
Acquirer: |
Tourmaline (TSE:TOU.CA) |
Acquiree: |
Santonia Energy |
Details: |
Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce the completion of its previously announced acquisition of all of the outstanding common shares of Santonia Energy Inc. ("Santonia") pursuant to an arrangement (the "Arrangement") under the Business Corporations Act (Alberta). Under the Arrangement, which was approved by Santonia shareholders by greater than a 99% majority, Santonia shareholders received 0.03012 of a Tourmaline common share for each Santonia common share resulting in the issuance of approximately 3.2 million Tourmaline common shares. |
Tourmaline Oil is engaged in the acquisition, exploration, development and production of petroleum and natural gas properties.
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April 18, 2024 4:50 AM Eastern
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