22:43:06 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Whitecap Resources Inc (2)
Symbol WCP
Shares Issued 245,621,713
Close 2014-09-29 C$ 16.21
Market Cap C$ 3,981,527,968
Recent Sedar Documents

Whitecap receives 99% of Forge's shares in tender offer

2014-09-30 14:42 ET - News Release

Mr. Grant Fagerheim reports

WHITECAP RESOURCES INC. ANNOUNCES SATISFACTION OF CONDITIONS TO THE COMPLETION OF THE TAKEOVER BID FOR THE COMMON SHARES OF FORGE PETROLEUM CORPORATION

Pursuant to Whitecap Resources Inc.'s offer to purchase all of the issued and outstanding Forge Petroleum Corp. shares, 43,155,087 common shares of Forge, representing over 99 per cent of the issued and outstanding Forge shares, have been validly tendered. Whitecap has directed the depositary, Olympia Trust Company, to take up and pay for all of the Forge shares deposited under the offer on Oct. 1, 2014. Under the offer, holders of Forge shares are entitled to receive approximately $3.5812 per Forge share in cash for each Forge share tendered to the offer and, on or about Dec. 30, 2014, may receive up to an additional 6.88 cents per Forge share. This additional amount is subject to reduction in certain cases, as more fully described in the takeover bid circular mailed to holders of Forge shares in connection with the offer.

As the offer was accepted by holders of greater than 90 per cent of the outstanding Forge shares, Whitecap will take steps to acquire the remainder of the Forge shares pursuant to the compulsory acquisition provisions contained in the Business Corporations Act (Alberta).

In addition, Whitecap's acquisition of all of the outstanding shares of Bashaw Oil Ltd. is expected to be completed on Oct. 1, 2014.

We seek Safe Harbor.

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