The Questfire Meeting is scheduled to be held at the Livingston Place, West Tower, Suite 1000, 250 – 2nd Street SW, Calgary, Alberta on Tuesday, August 15, 2017 at 10:00 a.m. (Calgary time). The record date for the Questfire Meeting has been set at July 4, 2017.
The management information circular of Questfire (the “Information Circular“) that will be filed and delivered to Questfire Shareholders in connection with the Questfire Meeting will contain information respecting the procedures for voting, as well as detailed information respecting the Acquisition, including the background and the anticipated impact of this transaction. Questfire anticipates that it will mail the Information Circular on or about July 20, 2017 and it will also make the Information Circular available on Questfire’s website at www.questfire.ca and under Questfire’s profile on SEDAR at www.sedar.com.
If the Acquisition receives the necessary approvals, Questfire intends to return to the Alberta Court of Queen’s Bench (the “Court“) on August 21, 2017 at 2:00 p.m. (Calgary time), or such other time and/or date as the Court will advise, to request that the Court grant a final order in respect of the Acquisition. Closing of the Acquisition is anticipated to occur on or about August 22, 2017. Closing will be subject to receipt of the Questfire Shareholder approval plus all required Court and regulatory approvals, and as previously announced will be subject to Manitok obtaining, from a syndicate of lenders, a new $132.2 million credit facility consisting of $117.2 million senior secured term facility with a $15.0 million delayed draw acquisition facility (the “Credit Facility“) to finance the Acquisition. Manitok intends to close the Credit Facility concurrently with the Acquisition.
Readers are urged to consult Manitok and Questfire’s joint press releases issued on July 7, 2017 for further details respecting the Acquisition and the Credit Facility.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities issued pursuant to the Acquisition and/or the financing described herein may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.