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Peyto Exploration & Development Corp Completes Acquisition Of Open Range Energy Corp.

Tuesday, 14 Aug 2012 06:42pm EDT 

Peyto Exploration & Development Corp and Open Range Energy Corp. announced the completion of Peyto's previously announced acquisition of all of the outstanding Open Range common shares pursuant to an arrangement under the Business Corporations Act (Alberta) (the Arrangement). Under the Arrangement, which was approved by Open Range shareholders by a 99.3% majority, Open Range shareholders received 0.0723 of a Peyto common share for each Open Range common share resulting in the issuance of approximately 5.4 million Peyto common shares. It is anticipated that the Open Range common shares will be delisted from trading on the TSX on or about August 17, 2012. 

Company Quote

-0.37 -1.00%
4:00pm EDT