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Arcan Resources Ltd announces termination of proposed arrangement with Aspenleaf Energy Limited


Wednesday, 20 Aug 2014 11:36am EDT 

Arcan Resources Ltd:Says that at the special meeting held in Calgary of holders of Arcan's common shares and debentures, securityholders did not provide requisite approvals for previously announced plan of arrangement that would have seen Arcan acquired by Aspenleaf Energy Limited.As a result, Arcan and Aspenleaf have terminated Arrangement Agreement between them. 

Company Quote

0.22
0.12 +120.00%
19 Dec 2014