i3 Energy PLC Toscana Energy Receipt of Shareholder Approval (4058D)
October 28 2020 - 2:00AM
UK Regulatory
TIDMI3E
RNS Number : 4058D
i3 Energy PLC
28 October 2020
28 October 2020
i3 Energy plc
("i3", "i3 Energy", or the "Company")
Toscana Energy Receipt of Shareholder Approval and Final Court
Order Approving the Transaction with i3 Energy plc
i3 Energy plc, an independent oil and gas company with assets
and operations in the UK and Canada, notes that Toscana Energy
Income Corporation (Toscana) (TSX: TEI) announced yesterday that it
obtained a final order from the Court of Queen's Bench of Alberta
approving the acquisition of Toscana by i3 Energy pursuant to an
arrangement (the Arrangement) under the Business Corporations Act
(Alberta), as previously announced on June 23, 2020.
In addition, yesterday Toscana held its annual and special
meeting of Toscana shareholders in Calgary, Alberta (the Meeting)
at which the Arrangement was approved by the shareholders.
Closing of the Arrangement is conditional on the approval by
i3's shareholders of the acquisition of all the issued and
outstanding common stock of Toscana (among other conditions
customary in transactions of this nature) with such approval being
sought at the i3 general meeting to be held at 10:00 am on 29
October 2020.
Enquiries:
i3 Energy plc
Majid Shafiq (CEO) / Graham Heath c/o Camarco
(CFO) Tel: +44 (0) 203 781 8331
WH Ireland Limited (Nomad and Joint
Broker)
James Joyce, James Sinclair-Ford Tel: +44 (0) 207 220 1666
Canaccord Genuity Limited (Joint
Broker)
Henry Fitzgerald- O'Connor, James Tel: +44 (0) 207 523 8000
Asensio
Mirabaud Securities Limited (Joint Tel: +44 (0) 203 167 7221
Broker)
Peter Krens
Camarco
Georgia Edmonds, James Crothers Tel: +44 (0) 203 781 8331
Notes to Editors:
i3 is an oil and gas exploration and production company focused
on the North Sea and the Western Canadian Sedimentary Basin. The
Company's core producing assets are in Alberta, Canada and its
assets in the UKCS in Blocks 13/23d and 13/23c contain the
Liberator and Serenity oil discoveries and potential future
developments. The Company's strategy is to acquire high quality,
low risk producing and development assets, to broaden its portfolio
and grow its reserves and production.
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCEADEXAFLEFAA
(END) Dow Jones Newswires
October 28, 2020 03:00 ET (07:00 GMT)
I3 Energy (LSE:I3E)
Historical Stock Chart
From Apr 2024 to May 2024
I3 Energy (LSE:I3E)
Historical Stock Chart
From May 2023 to May 2024