Latest News and Analysis
Deals and Transactions
Track Drilling (Rigs by operator) | Completions (Frac Spreads)

Deals - Acquisition, Mergers, Divestitures

Shareholders of Arc, 7Gen Approve Pending Merger Deal

emailEmail    |    printPrint    |    bookmarkBookmark
   |    Wednesday,March 31,2021

Shareholdres of both ARC Resources Ltd. and Seven Generations Energy Ltd. have voted in approval of the merger deal between the two companies.

The Business Combination is expected to be completed on or about April 6, 2021.

On March 31, 2021, ARC and Seven Generations each held special shareholders meetings virtually, via live webcasts, with each company’s shareholders voting on resolutions in connection with the proposed Business Combination.

  • At the ARC special shareholders meeting, the resolution authorizing the issuance of ARC common shares to Seven Generations shareholders pursuant to and in connection with the Business Combination, as set out in the joint management information circular dated March 1, 2021, was approved by 96.08 per cent of the votes cast.
  • At the Seven Generations special shareholders meeting, the resolution approving the Business Combination was approved by 99.41 per cent of the votes cast.

Further, the Court of Queen’s Bench of Alberta issued a final order approving the Business Combination on March 31, 2021.

Related Categories :

Deals/ Transaction Update   

More    Deals/ Transaction Update News

Canada News >>>

North America News >>>