This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Alange Energy signs deal to acquire Delavaco Energy 2009-10-01 08:39 ET - News Release Mr. Michael Davies reports ALANGE ENERGY ANNOUNCES BINDING AGREEMENT TO ACQUIRE DELAVACO ENERGY INC. Alange Energy Corp. has entered into a definitive transaction agreement with Delavaco Energy Inc. dated Sept. 30, 2009. Under the terms of the transaction agreement, Alange Energy will acquire from the shareholders of Delavaco all of the issued and outstanding common shares of Delavaco in exchange for common shares of Alange Energy. The acquisition will occur pursuant to a three-cornered amalgamation pursuant to which Delavaco will amalgamate with a wholly owned subsidiary of Alange Energy and holders of common shares of Delavaco will receive 0.8674 Alange Energy common shares for each Delavaco common share so held in connection therewith, provided that Alange Energy shall in no circumstance be required to issue more than 142,857,143 common shares in connection with the acquisition. The proposed transaction will be an arm's-length transaction and is subject to customary conditions, including the approval by the shareholders of Delavaco and final approval by the TSX Venture Exchange. In connection with the entry into the transaction agreement, Alange Energy advanced a $1.25-million (U.S.) deposit payment to Delavaco.
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