Home | Business News | Browse by Publication | E | Energy Weekly News

Arsenal Energy Inc. and Geocan Energy Inc. announce execution of Arrangement Agreement.

Publication: Energy Weekly News
Publication Date: 29-AUG-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Arsenal Energy Inc. (TSX: AEI) ("Arsenal") and GEOCAN Energy Inc. (TSX: GCA) ("GEOCAN") are pleased to announce that they have entered into an arrangement agreement (the "Arrangement Agreement") providing for the acquisition by Arsenal of GEOCAN pursuant to a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). Under the Arrangement, Arsenal will acquire all of the outstanding class "A" common shares of GEOCAN ("GEOCAN Shares") for consideration of $0.70 per GEOCAN Share, payable, at the election of each GEOCAN shareholder, in cash or 0.81 of a common share of Arsenal ("Arsenal Shares"). The consideration to be paid by Arsenal under the Arrangement of $0.70 per GEOCAN...



More articles from Energy Weekly News
ThermaSource, LLC Completes $41.5 Million Private Equity Financing., August 29, 2008
GE Ultrasonic Flaw Detectors Provide Flexible Solution Platform., August 29, 2008
Research results from E.P. Ambrosio and co-authors update knowledge of..., August 29, 2008
Recent findings from J. Perezpellitero and co-authors highlight resear..., August 29, 2008
Research data from F. Aliotta and colleagues update understanding of o..., August 29, 2008

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.