Painted Pony Energy Ltd. today announces the closing of the previously announced acquisition of Painted Pony by Canadian Natural Resources Ltd. pursuant to a plan of arrangement . Pursuant to the Arrangement, shareholders of Painted Pony received $0.69 in cash for each share held at the effective time of the Arrangement. A form of letter of transmittal pursuant to which registered shareholders of Painted Pony can submit [...]
Painted Pony Energy Ltd. today announces that the Court of Queen’s Bench of Alberta has granted a final order approving the previously announced proposed transaction with Canadian Natural Resources Ltd. . The Arrangement was approved by more than 88% of shareholders and optionholders who voted at a special meeting of Painted Pony held on October 1, 2020. The Arrangement is still subject to other standard conditions to [...]
Painted Pony Energy Ltd. is pleased to announce that at a special meeting held today , its shareholders and optionholders voted to approve its previously announced proposed transaction with Canadian Natural Resources Ltd. . Painted Pony and Canadian Natural entered into a definitive agreement on August 10, 2020 for the proposed acquisition of Painted Pony by Canadian Natural under a plan of arrangement, pursuant to which [...]
Painted Pony Energy Ltd. announces today that Glass, Lewis & Co. , an independent proxy advisory firm that provides voting recommendations to shareholders and whose analyses and recommendations are relied upon by many major institutional investors, has recommended that Painted Pony shareholders vote in favour of the proposed plan of arrangement with Canadian Natural Resources Ltd. whereby CNRL will acquire all of the [...]
Painted Pony Energy Ltd. announces today that Institutional Shareholder Services Inc. , a leading independent proxy advisory firm that provides voting recommendations to shareholders and whose analyses and recommendations are relied upon by many major institutional investors, has recommended that Painted Pony shareholders vote in favour of the proposed plan of arrangement with Canadian Natural Resources Ltd. whereby CNRL [...]
Painted Pony Energy Ltd. today announces that it has filed and mailed the management information circular of Painted Pony dated August 31, 2020 and related proxy materials in connection with the special meeting of holders of common shares of Painted Pony and holders of options to acquire Painted Pony Shares to be held on Thursday, October 1, 2020 at 3:00 p.m. . At the Meeting, Securityholders will be asked to consider [...]
Painted Pony Energy Ltd. today confirms the execution of an agreement with the Corporation’s syndicate of lenders to extend Painted Pony’s annual borrowing base redetermination date from August 31, 2020 to the earlier of either October 31, 2020 or the date on which the arrangement between Painted Pony and Canadian Natural Resources Ltd. , pursuant to which CNRL has agreed to acquire all of the issued and outstanding [...]
Painted Pony Energy Ltd. announces second quarter 2020 financial and operating results. HIGHLIGHTS Announced an agreement to be acquired by Canadian Natural Resources Ltd. for $0.69 per share, representing a 30% premium to the 20-day volume weighted average price of $0.53 per share at the time of the announcement on Monday, August 10, 2020; Averaged daily production of 305,058 Mcfe/d during the second quarter of 2020 [...]
Painted Pony Energy Ltd. announces that it has entered into a definitive arrangement agreement with Canadian Natural Resources Ltd. pursuant to which the Purchaser has agreed to acquire all of the issued and outstanding common shares of Painted Pony for cash consideration of $0.69 per Painted Pony Share . The Purchase Price represents approximately a 30% premium over the twenty-day volume weighted average trading price of [...]
Painted Pony Energy Ltd. today confirms the execution of an agreement with the Corporation’s syndicate of lenders to extend Painted Pony’s annual borrowing base redetermination date from July 31, 2020 to August 31, 2020. The extension agreement confirms Painted Pony’s existing syndicated credit facility at $325 million. Painted Pony also has a $22 million unsecured letter of credit facility backstopped by EDC, bringing [...]
Painted Pony Energy Ltd. today confirms the execution of an agreement with the Corporation’s syndicate of lenders to extend Painted Pony’s annual borrowing base redetermination date from June 30, 2020 to July 31, 2020. This extension affords both Painted Pony and the syndicate of lenders additional time to evaluate current market conditions as well as proposed Federal Government programs initiated through Export [...]
Painted Pony Energy Ltd. is pleased to announce the results from the 2020 Annual General and Special Meeting of Shareholders held on May 7, 2020 . ELECTION OF DIRECTORS Shareholders elected each of the nominees proposed by management as set forth in the information circular of the Corporation dated March 20, 2020. The results of the voting on the election of directors is set forth below. Director Nominee Outcome of Vote [...]
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