Sonde Resources Corp. Announces Completion of Marquee Arrangement
December 31 2013 - 6:55AM
Marketwired
Sonde Resources Corp. Announces Completion of Marquee Arrangement
CALGARY, ALBERTA--(Marketwired - Dec 31, 2013) - Sonde Resources
Corp. ("Sonde") (TSX:SOQ)(NYSEMKT:SOQ) announced today that it has
received the requisite shareholder and court approval for its
previously announced plan of arrangement (the "Arrangement") with
Marquee Energy Ltd. and that the Arrangement has now been
completed.
Pursuant to the Arrangement, Marquee acquired substantially all
of the Western Canada assets of Sonde, including all of its
Southern Alberta properties (the "Assets"). The Assets are
primarily located in Marquee's core area at Michichi, Alberta
immediately offsetting Marquee's lands and production. Pursuant to
the Arrangement, Sonde received 21,182,492 common shares of Marquee
(the "Marquee Shares") plus $15 million cash. The Marquee Shares
were distributed to Sonde's shareholders in accordance with the
terms and conditions of the Arrangement. Sonde retained the cash
received.
Sonde Resources Corp.Rene BeaumierChief Financial Officer(403)
503-7931(403) 216-2374www.sonderesources.com
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