THE ARRANGEMENT Long Run entered into an arrangement agreement on December 20, 2015 (the Arrangement) with Calgary Sinoenergy Investment Corp. (the Purchaser), who has proposed to acquire: i. All of the outstanding common shares of…
REASONS FOR THE ARRANGEMENT Significant premium to both shareholders and debentureholders Provides certainty of value and near-term liquidity to shareholders and debentureholders in a challenging commodity price environment…
TIMELINE TO COMPLETION OF THE ARRANGEMENT 2015 December 21 Arrangement announced 2016 January 29 Long Run entered into an amending credit agreement with its bank syndicate which allowed Long Run and the Purchaser to move forward…
CLOSING OF THE ARRANGEMENT On closing of the Arrangement: 1) Long Run will become a wholly-owned subsidiary of Calgary Sinoenergy Investment Corp. 2) Long Runs common shares and debentures will be delisted from the Toronto Stock…
CORPORATE INFORMATION TSX:LRE Contacts Bill Andrew Chair & CEO Dale Miller President & COO Corine Bushfield Senior Vice President & CFO Dale Orton Senior Vice President, Development Lauren Kimak Manager, Investor Relations (403)…
Loading...
