00:38:46 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Gale Force Petroleum Inc (2)
Symbol GFP
Shares Issued 80,141,416
Close 2015-07-31 C$ 0.025
Market Cap C$ 2,003,535
Recent Sedar Documents

Gale Force receives interim order for arrangement

2015-08-04 11:15 ET - News Release

An anonymous director reports

GALE FORCE PETROLEUM INC. OBTAINS INTERIM ORDER FOR PLAN OF ARRANGEMENT

Gale Force Petroleum Inc. and Montana Exploration Corp. have entered into an arrangement agreement, pursuant to which Montana Exploration will acquire all of the issued and outstanding common shares and Series III preferred shares of Gale Force by way of a statutory plan of arrangement under the Canada Business Corporations Act. The Ontario Superior Court of Justice (Commercial List) has issued an interim order, dated July 31, 2015, authorizing Gale Force to, among other things, call a special meeting of its securityholders to obtain their approval of the plan of arrangement. The special meeting is scheduled to be held on Sept. 8, 2015, in Toronto, Ont. The record date for determining the Gale Force securityholders entitled to receive notice of and vote at the special meeting has been set as Aug. 6, 2015. The notice of meeting, management information circular, forms of proxy and letters of transmittal with respect to the special meeting and the plan of arrangement are expected to be mailed to Gale Force securityholders on or about Aug. 12, 2015. Once mailed, they will also be available under Gale Force's profile on SEDAR. The board of directors of Gale Force has unanimously recommended that Gale Force securityholders vote in favour of the plan of arrangement. The hearing for the final order of the court approving the plan of arrangement is expected to be held in early September, 2015, with the closing of the plan of arrangement expected to occur shortly thereafter.

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