CALGARY, AB–(Marketwired – January 25, 2016) – Maple Leaf Royalties Corp. (
The Company held a special meeting of shareholders (the “Meeting“) earlier today at which 96% of the shares represented at the Meeting voted in favour of the Arrangement. The Company’s shareholders also approved the continuance of the Company from British Columbia into Alberta under the Business Corporations Act (Alberta) and the adoption of an equity-based incentive plan for New Eagle.
The Company intends to apply for a final order approving the Arrangement by the Court of Queen’s Bench of Alberta tomorrow. Assuming that the final order is received and all other terms and conditions to the Arrangement are met, it is expected that the Arrangement will close on January 27, 2016.
Note Regarding Forward Looking Statements
Certain information provided in this news release constitutes forward-looking statements. Specifically, this news release contains forward-looking statements relating to the anticipated timing for the application for the final order approving the Arrangement and the anticipated timing for the closing of the Arrangement. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided in this news release as a result of numerous known and unknown risks and uncertainties and other factors. Such factors include, but are not limited to: general economic, market and business conditions; changes in regulations; timing and receipt of regulatory approvals, and other factors, many of which are beyond the control of the Company. There is no representation by the Company that actual results achieved will be the same as those forecast. Additional information on other risks and factors that could affect the timing of the matters stated herein is included in reports on file with applicable securities regulatory authorities, including but not limited to, the Company’s Notice of Special Meeting and Joint Management Proxy and Information Circular dated December 15, 2015 which may be accessed on the Company’s SEDAR profile at www.sedar.com. The forward-looking statements and information contained in this news release are made as of the date hereof and Maple Leaf does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events, or results or otherwise, other than as required by applicable securities laws.
About Maple Leaf Royalties Corp.
Maple Leaf Royalties Corp. is focused on oil and gas royalty interests in Canada. The company owns royalties on oil and gas production with its current asset base concentrated in west central Alberta and including a mixture of oil, natural gas, and natural gas liquids from numerous producing wells. Royalty interests offer unique investment characteristics including revenue that is directly correlated with oil and gas prices, but with minimal exposure to capital and operating costs and no exposure to abandonment and reclamation costs.
For more information visit: www.mapleleafroyalties.ca
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For additional information please contact:
Dan Gundersen
Chief Executive Officer
Maple Leaf Royalties Corp.
Tel: (403) 852‐4423
Adam Thomas
President
Maple Leaf Royalties Corp.
Tel: (403) 830‐7995