Marquee Energy Ltd. and Alberta Oilsands Inc. are pleased to announce that they have entered into an arrangement agreement whereby Alberta Oilsands will acquire all of the issued and outstanding common shares of Marquee pursuant to a plan of arrangement under the Business Corporations Act (Alberta). Immediately following the completion of the Arrangement, AOS will amalgamate with Marquee and the amalgamated company will adopt the name "Marquee Energy Ltd." Under the terms of the Arrangement Agreement, holders of common shares in the capital of Marquee will receive, for each Marquee Share held, 1.67 common shares in the capital of Alberta Oilsands. On completion of the Arrangement, Marquee Shareholders will own approximately 49% of the common shares of New Marquee. New Marquee will be led by the current management team of Marquee and the board of directors of New Marquee will include an equal number of the current directors of Marquee and of Alberta Oilsands, respectively.
|Address||1700, 500-4th Ave SW, Calgary, AB, T2P 2V6, CA|