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Highpine Oil & Gas Limited announces closing of merger with Vaquero Energy Ltd.
Publication:
PR Newswire
Publication Date: 31-MAY-05 |
Format: Online
Delivery: Immediate Online Access |
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Article Excerpt
CALGARY, May 31 /PRNewswire-FirstCall/ -- Highpine Oil & Gas Limited ("Highpine") and Vaquero Energy Ltd. ("Vaquero") are pleased to jointly announce that the previously announced Plan of Arrangement (the "Arrangement") involving Highpine and Vaquero has been completed. The Arrangement was approved at the annual and special meeting of securityholders of Vaquero and by the Court of Queen's Bench of Alberta earlier today. Holders of common shares and options of Vaquero voted 96% in favour of the Arrangement resolution. Highpine issued 19,494,204 class "A" common shares to the former securityholders of Vaquero on completion of the Arrangement.
With the completion of the Arrangement Highpine is now the dominant player in the exciting Pembina Nisku exploration trend in West Central Alberta where both companies have focused their operations.
Highpine will continue to be managed by its current executive team led by Mr. Gordon Stollery, Chairman, President and Chief Executive Officer and Mr. Greg Baum, Executive Vice President and Chief Operating Officer. In addition, Highpine...
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