In the news release, Strathcona Announces Q1 2024 Conference Call, issued 15-Apr-2024 by Strathcona Resources Ltd. over CNW, we are advised by the company that the conference call information was duplicated. The conference number should read "965818" rather than "836882", as originally issued inadvertently. The complete, corrected release follows: Strathcona Announces Q1 2024 Conference Call Strathcona Resources Ltd. will [...]
Strathcona Resources Ltd. will release its first quarter 2024 financial and operating results after market close on May 14, 2024. Strathcona will host a conference call on May 15, 2024, starting at 9:00AM MT , to review the Company's first quarter 2024 results. Date: Wednesday, May 15, 2024 Time: 11:00AM ET URL Entry: To join without operator assistance, register here up to 15 minutes before the start time. Enter your [...]
Strathcona Resources Ltd. will release its third quarter 2023 financial and operating results prior to the opening of markets on November 14, 2023. Strathcona will host a conference call on November 14, 2023, starting at 9:00AM MT (11:00AM ET), to review the Company's third quarter 2023 results.
Strathcona Resources announced today that it has closed the acquisition (the "Acquisition") of Pipestone Energy Corp. The Acquisition was structured through a plan of arrangement under the Business Corporations Act (Alberta), where existing Pipestone shareholders received 0.067967 common shares of Strathcona for each Pipestone common share. The Acquisition will result in Strathcona becoming a publicly traded reporting [...]
Pipestone Energy Corp. today announced that the Company's shareholders have voted to approve the previously announced arrangement with Strathcona Resources Ltd.[/wp], which will see Pipestone combined with Strathcona to create one of Canada's largest energy producers. Upon closing, Strathcona and Pipestone will be amalgamated to form a new corporation, which will continue as "StrathCona Resources Ltd." . The Arrangement is expected to close on October 3, 2023, subject to the receipt of a final order from the Court of King's Bench of Alberta with respect to the Arrangement and the satisfaction or waiver of customary closing conditions. "On behalf of Pipestone's Board, I thank our shareholders for their participation in this process and their support fo... [...]
Pipestone's extensive 18-month strategic review process considered all alternatives available to Pipestone, including those previously put forward by GMT and companies in which it has an interest, and determined that the combination with Strathcona is in the best interests of Pipestone and the Pipestone Shareholders Today's Tom Claugus claims, intended to derail this value-unlocking transaction, are even more misleading [...]
To ensure their votes are counted at the Special Meeting of Shareholders, Shareholders must submit their proxies by 10:00 am this Monday, September 25, 2023. Shareholders are encouraged to vote FOR the Arrangement with Strathcona. Combining with Strathcona is superior to the status quo, providing Pipestone Shareholders with the ability to participate in the upside of a much larger, more diversified producer that is [...]
Pipestone Energy Corp. today announced that leading proxy advisory firm Institutional Shareholder Services has reviewed the arguments of GMT Capital Corp. in its dissident proxy circular dated September 15, 2023 and reaffirmed its recommendation that shareholders vote FOR the proposed arrangement with StrathCona Resources Ltd. that would see Pipestone and Strathcona combine to become one of Canada's ...
Combining with Strathcona is superior to the status quo as it will give Pipestone shareholders the ability to participate in the upside of a much larger, more diversified producer that will benefit from scale, longer-life and better-positioned reserves, improved access to capital and a potential positive re-rating by markets Pipestone's extensive strategic review process considered all alternatives available to Pipestone [...]
Pipestone Energy Corp. and StrathCona Resources Ltd. jointly announced today that Pipestone and Strathcona obtained an interim order of the Court of King's Bench on August 25, 2023 and Pipestone has filed a management information circular dated August 25, 2023 and related meeting and proxy materials in connection with the proposed arrangement under the Business Corporations Act which provides for, among other matters, the acquisition by Strathcona of all of the issued and outstanding common shares of Pipestone pursuant to the arrangement agreement between Pipestone and Strathcona dated effective July 31, 2023. The meeting materials will be mailed to holders of common shares of Pipestone of record as of August 25, 2023, and the Circular is available under Pipest... [...]
Pipestone Energy Corp. is pleased to report its second quarter 2023 financial and operational results, as well as an update on the previously announced proposed transaction between Pipestone and Strathcona Resources Ltd. pursuant to which Strathcona has agreed, subject to satisfaction of certain closing conditions, to acquire all the issued and outstanding common shares of Pipestone for 100% share consideration [...]
StrathCona Resources Ltd. and Pipestone Energy Corp. are pleased to announce that they have entered into a definitive agreement , pursuant to which Strathcona will acquire all of the issued and outstanding common shares of Pipestone for 100% share consideration . Upon closing of the Transaction, Strathcona will become a public reporting issuer in Canada. Strategic Transaction Rationale for Pipestone Shareholders: The Pipestone Board and management team view this transaction as being in the best interests of Pipestone shareholders. The Company has grown its production rapidly since inception, developing an economically attractive asset base. This all-share combination provides Pipestone shareholders with a meaningful ownership stake in a large, low-decline rate, ... [...]
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