Tourmaline Oil Corp. Completes Acquisition of Crew Energy Inc.
Crew Energy shareholders overwhelmingly approve the strategic transaction with Tourmaline, finalizing the plan of arrangement.
- Crew Energy shareholders received 0.114802 of a Tourmaline common share for each Crew share held.
- The Tourmaline shares issued to Crew shareholders have been approved for listing on the Toronto Stock Exchange.
- Crew Energy shares will be delisted from the Toronto Stock Exchange within two to three business days.
- Registered Crew shareholders must submit required documents to receive their Tourmaline shares.
- Tourmaline is Canada's largest natural gas producer, focused on cost-effective and environmentally responsible operations.