Suncor Energy, Petro-Canada Mail Letters of Transmittal and Election Forms to Registered Shareholders
July 02 2009 - 10:59AM
Marketwired
Suncor Energy Inc. ("Suncor") and Petro-Canada ("Petro-Canada")
announce the mailing today to their registered shareholders of the
letters of transmittal and election forms and the related
instructions for the proposed merger of Suncor Energy Inc. and
Petro-Canada.
These documents outline the necessary documentation required to
be sent to Computershare Investor Services Inc. (Computershare) by
registered Suncor and Petro-Canada shareholders to receive, in
relation to the proposed merger of the two companies via a plan of
arrangement, the shares of the combined company to which they are
entitled in exchange for their Suncor or Petro-Canada common shares
(once the conditions to the merger have been satisfied and the
merger has closed). Copies of this documentation will be available
on the SEDAR website (www.sedar.com), the Securities Exchange
Commission's (SEC's) website (www.sec.gov) and the joint merger
site at www.suncorpetro-canada.com.
The letters of transmittal and election forms also provide
eligible individual registered Suncor and Petro-Canada
shareholders, resident in Canada, with the ability to make an
election to have the exchange of their Suncor or Petro-Canada
shares carried out in such a manner that may allow the shareholder
to realize a capital gain or a capital loss for Canadian federal
income tax purposes. The deadline for making such an election is
4:30 p.m. (Calgary time) on July 28, 2009.
Suncor and Petro-Canada have obtained the necessary shareholder
and Court approvals required to meet certain conditions to the
merger, but completion of the proposed merger remains conditional
on the satisfaction of all regulatory and other customary
conditions. It is expected that the merger will be completed in the
third quarter of 2009. In the event that the merger is not
completed, any share certificates sent to Computershare will be
returned.
For further information on the Suncor and Petro-Canada merger go
to www.suncorpetro-canada.com.
Advisory Regarding Forward-Looking Information and
Statements
This press release contains forward-looking statements and
forward-looking information within the meaning of applicable
securities laws. The use of any of the words "proposed", "may",
"expected" and similar expressions are intended to identify
forward-looking statements or information. More particularly, and
without limitation, this press release contains forward-looking
statements and information concerning the completion of the
proposed merger; the expected completion date of the proposed
merger; and the anticipated tax treatment of the proposed
merger.
Suncor and Petro-Canada have provided the anticipated time of
completion of the merger in reliance on certain assumptions that
they believe are reasonable at this time, including assumptions as
to the timing of receipt of the necessary regulatory and other
third party approvals; and the time necessary to satisfy the
conditions to the closing of the transaction. These dates may
change for a number of reasons, including due to the inability to
secure necessary regulatory or other third party approvals in the
time assumed or the need for additional time to satisfy the
conditions to the completion of the transaction. As a result of the
foregoing, readers should not place undue reliance on the
forward-looking statements and information contained in this press
release concerning these times.
Readers are cautioned that the foregoing list of factors is not
exhaustive. Additional information on these and other factors that
could affect the completion of the merger are included in the joint
information circular and proxy statement of Suncor and Petro-Canada
dated April 29, 2009, which has been filed with the applicable
securities regulatory authorities and may be accessed through the
SEDAR website (www.sedar.com), the SEC's website (www.sec.gov) or
through the joint merger site at www.suncorpetro-canada.com.
The forward-looking statements and information contained in this
press release are made as of the date hereof and Suncor and
Petro-Canada undertake no obligation to update publicly or revise
any forward-looking statements or information, whether as a result
of new information, future events or otherwise, unless so required
by applicable securities laws.
ABOUT SUNCOR
Suncor Energy Inc. is an integrated energy company headquartered
in Calgary, Alberta. Suncor's oil sands business, located near Fort
McMurray, Alberta, extracts and upgrades oil sands and markets
refinery feedstock and diesel fuel, while operations throughout
western Canada produce natural gas. Suncor also operates a refining
and marketing business which includes refining, retail, pipeline
and distribution operations in Ontario, Canada and in Colorado and
Wyoming in the United States. Suncor's common shares (symbol: SU)
are listed on the Toronto and New York stock exchanges.
Suncor Energy (U.S.A.) Inc. is an authorized licensee of the
Shell� and Phillips 66� brand and marks in the state of Colorado.
Sunoco in Canada is separate and unrelated to Sunoco in the United
States, which is owned by Sunoco, Inc. of Philadelphia.
ABOUT PETRO-CANADA
Petro-Canada is one of Canada's largest oil and gas companies,
operating in both the upstream and the downstream sectors of the
industry in Canada and internationally. The Company creates value
by responsibly developing energy resources and providing world
class petroleum products and services. Petro-Canada is proud to be
a National Partner to the Vancouver 2010 Olympic and Paralympic
Winter Games. Petro-Canada's common shares trade on the Toronto
Stock Exchange under the symbol PCA and on the New York Stock
Exchange under the symbol PCZ.
Contacts: Investor inquiries: John Rogers, Suncor (403) 269-8670
Media inquiries: Shawn Davis, Suncor (403) 920-8379 Website:
www.suncor.com Investor inquiries: Ken Hall, Petro-Canada (403)
296-7859 Media inquiries: Victoria Barrington, Petro-Canada (403)
296-8589 Website: www.petro-canada.ca
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