CALGARY, April 19, 2018 /CNW/ – Cona Resources Ltd. (“Cona” or the “Company”) (TSX: CONA) announced today that it has mailed a management information circular and related voting materials (collectively, the “Meeting Materials”) to its shareholders in connection with the annual and special meeting to be held in the Plaza Room of the Metropolitan Conference Centre, 333 – 4th Avenue S.W., Calgary, Alberta at 11:00 a.m. (Calgary Time) on Friday, May 18, 2018 (the “Meeting”).
At the Meeting, shareholders of Cona will be asked to approve, among other matters, a transaction pursuant to the previously announced arrangement agreement between Cona and certain affiliates of Waterous Energy Fund (collectively, “WEF”), whereby WEF agreed to acquire all of the common shares of Cona not currently owned by WEF for consideration of $2.55 in cash per common share pursuant to a plan of arrangement under the Business Corporations Act (Alberta) (the “Arrangement”).
The Meeting Materials are available on Cona's website at www.conaresources.com and under Cona's corporate profile on SEDAR at www.SEDAR.com. The full text of the formal valuation and fairness opinion prepared by CIBC World Markets Inc., financial advisor to the independent committee of the board of directors of Cona in connection with the Arrangement, in accordance with Multilateral Instrument 61-101, is included in the Meeting Materials.
Cona Resources Ltd.
Cona is a Canadian crude oil production and development company focused on maximizing recovery from its large-scale oil resource base. The Company's operations, infrastructure and concentrated land position are focused in southwest Saskatchewan. Cona's common shares trade on the Toronto Stock Exchange under the symbol CONA.
SOURCE Cona Resources Ltd.
View original content: http://www.newswire.ca/en/releases/archive/April2018/19/c5270.html
