Second Wave Petroleum Inc Announces Completion Of Going Private Transaction

Second Wave Petroleum Inc announced completion of the previously-announced going private transaction, pursuant to which Brookfield Bridge Lending Fund Inc. (Brookfield), the Company's controlling shareholder, has acquired all of the outstanding Second Wave common shares not already held by Brookfield and its affiliates for cash consideration of $0.30 per share. The transaction was completed on June 28, 2013 by plan of arrangement under the Business Corporations Act (Alberta) (the Arrangement), which received approval on June 27, 2013 of the Company's shareholders and optionholders at an annual and special meeting of securityholders and thereafter from the Court of Queen's Bench of Alberta. At June 27, 2013 security holders' meeting, the Arrangement was approved by majorities of 99.4% of the votes cast by all shareholders, 99.4% of the votes cast by shareholders and optionholders voting together as a single class, and 97.9% of the votes cast by disinterested shareholders, excluding Brookfield and its affiliates, pursuant to the minority approval requirements of applicable securities laws. With completion of the Arrangement, the Company has become a wholly-owned subsidiary of Brookfield and the Second Wave common shares will be delisted from the Toronto Stock Exchange. The Company expects delisting to occur within three to four trading days.