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:Fairmount Energy to hold special meeting Nov. 26 2009-10-30 14:48 ET - News Release Mr. David Reid reports FAIRMOUNT ENERGY INC. ANNOUNCES SPECIAL MEETING TO APPROVE AMALGAMATION
Fairmount Energy Inc.'s board of directors has approved the execution of an amalgamation agreement with a wholly owned subsidiary of Delphi Energy Corp., pursuant to which Fairmount will amalgamate with the subsidiary to form the amalgamated entity (Amalco). Delphi's offer to acquire all of the common shares of Fairmount expired on Oct. 19, 2009. A special meeting of the shareholders of Fairmount will be held at 10 a.m. (Calgary time) on Nov. 26, 2009, at Suite 2500, 450 1st St. SW, Calgary, Alta., to consider and, if deemed appropriate, to approve the proposed amalgamation and amalgamation agreement. An information circular was mailed on Oct. 29, 2009, to shareholders of record on Oct. 27, 2009. Subject to the terms of the amalgamation agreement, a holder of the Fairmount common shares (other than dissenting shareholders and Delphi) will receive one redeemable preferred share of Amalco for each Fairmount common share. Following the amalgamation, the redeemable preferred shares will be redeemed by Amalco for 0.3571 of a Delphi common share per redeemable preferred share, as described in the information circular. The remainder is available to Stockwatch subscribers.
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