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Tourmaline Oil Corp. Completes Acquisition of Crew Energy Inc.

Crew Energy shareholders overwhelmingly approve the strategic transaction with Tourmaline, finalizing the plan of arrangement.

Overview

  • 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.