Tallgrass Energy Corp. and Anglo Canadian Oil Corp. Announce Shareholder Approvals Obtained for Arrangement
Monday, December 24, 2012
CALGARY, ALBERTA--(Marketwire - Dec. 24, 2012) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.
This News Release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities issued pursuant to the plan of arrangement and financing described herein have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from such registration.
Anglo Canadian Oil Corp. ("Anglo") (TSX VENTURE:ACG) and Tallgrass Energy Corp., ("Tallgrass" or the "Company") are pleased to announce that they each have obtained shareholder approval of the previously announced arrangement ("Arrangement") at respective meetings of shareholders held on December 21, 2012. As disclosed, the Arrangement is being conducted for the purposes of effecting an amalgamation of the companies, resulting in the formation of a light oil focused, growth oriented junior exploration and production company. Additionally, a final order of the Court of Queen's Bench of Alberta approving the Arrangement was obtained on December 21, 2012.
The effective date of the Arrangement will be December 31, 2012 subject to the acceptance of the Arrangement of the TSX Venture Exchange and the satisfaction of final closing conditions. Once the Arrangement is completed, the resulting entity will continue under the name "Tallgrass Energy Corp.". A further press release will be issued upon receipt of TSX Venture Exchange approval with further details. |
