One-Page Deal Sheet
Bellatrix To Acquire Cardium Focused Angle Energy
Bellatrix Exploration Ltd. Angle Energy, Inc.
Announced Date
October 15,2013
Close Date
December 11,2013
Transaction Type
Corporate
Enterprise Value (EV)($MM)
576
TargetZones:
{Cardium,"Lower Mann
Transaction Details: Subscribe to see
Closing Announcement - December 11, 2013
Bellatrix Exploration Ltd. and Angle Energy Inc. have closed the previously announced plan of arrangement.
Pursuant to the Arrangement, Bellatrix acquired all of the issued and outstanding common shares of Angle for consideration consisting of $69.7 million in cash and approximately 30.2 million Bellatrix common shares. Bellatrix also acquired all of the issued and outstanding 5.75% convertible unsecured subordinated debentures of Angle with a maturity date of January 31, 2016 (the "Angle Debentures") in the aggregate principal amount of $60,000,000 on…
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