CALGARY, Alberta, April 26, 2018 (GLOBE NEWSWIRE) — Spartan Energy Corp. (“Spartan” or the “Company”) (TSX:SPE) is pleased to announce that it has obtained an interim order from the Court of Queen’s Bench of Alberta (the “Interim Order“) in connection with the proposed sale of the Company to Vermilion Energy Inc. (“Vermilion”) by way of plan of arrangement (the “Arrangement“) announced on April 16, 2018.
The Interim Order, among other things, authorizes Spartan to call and hold a special meeting (the “Special Meeting“) of the holders of common shares of Spartan (collectively, the “Shareholders“) to approve the previously announced Arrangement under the Business Corporations Act (Alberta). In accordance with the Interim Order, the Special Meeting will be held on May 25, 2018 at the offices of McCarthy Tétrault LLP, Suite 4000, 421 7th Avenue S.W., Calgary, Alberta, T2P 4K9, at 9:00 a.m. (Calgary time).
The record date for determining the Shareholders entitled to receive notice and to vote at the Special Meeting has been fixed to be the close of business on April 25, 2018 as is more particularly described in the management information circular (the “Circular”). All Shareholders entitled to vote are encouraged to vote in person or by proxy at the Special Meeting.
In connection with the Special Meeting, Spartan has mailed the Circular, together with the letter of transmittal and related proxy materials to Shareholders. The Circular, letter of transmittal and related proxy materials will also be available on SEDAR under Spartan’s profile at www.sedar.com.
Spartan Energy Corp. is a company actively engaged in the business of oil and gas exploration, development, acquisition and production in Alberta and Saskatchewan. The common shares of Spartan are listed and posted for trading on the TSX under the symbol “SPE”. Spartan is headquartered in Calgary, Alberta.
|Richard (Rick) McHardy
President and Chief Executive Officer
Manager, Business Development
|Spartan Energy Corp.
3200, 500 Centre Street SE
Calgary, Alberta T2P 1A6
|Fax: (403) 410-3378