Eaglewood Energy Inc. Announces Completion of Acquisition by Transform Exploration Pty Ltd.7/9/2014
CALGARY, ALBERTA, Jul 09, 2014 — Eaglewood Energy Inc. (“Eaglewood”) announces the completion of Transform Exploration Pty Ltd.’s (“Transform”) previously announced acquisition of all of the outstanding Eaglewood common shares pursuant to an arrangement under the Business Corporations Act (Alberta) (the “Arrangement”). Under the Arrangement, which was approved by Eaglewood shareholders on July 8, 2014, Eaglewood shareholders received $0.38 cash (the “Cash Consideration”) for each Eaglewood common share. It is anticipated that the Eaglewood common shares will be delisted from trading on the TSX Venture Exchange within two business days from the date hereof.
FirstEnergy Capital Corp. acted as exclusive financial advisor to Eaglewood with respect to the Arrangement.
About Transform Exploration Pty Ltd.
Transform is a private, independent international oil and gas exploration company focused on the Australasian and South-East Asian regions.