Longview Announces Toronto Stock Exchange Deferral of Consideration of Shareholders Rights Plan
CALGARY, Feb. 12, 2014 /CNW/ - Longview Oil Corp. ("Longview" or the "Company") today announced that the Toronto Stock Exchange (the "TSX") has deferred its consideration for acceptance of the Company's recently announced Shareholder Rights Plan (the "Rights Plan") until it is determined that the Alberta Securities Commission will not intervene in the event of a take-over bid for the Company. Pursuant to TSX policies, the TSX automatically defers consideration of acceptance of shareholder rights plans in such circumstances. The Company also understands that, pursuant to TSX policies, acceptance of the Rights Plan by the TSX will also be conditional upon receipt of requisite shareholder approval.
The deferral by the TSX does not affect the adoption or operation of the Rights Plan, which will remain operative and effective for a minimum of six months from the date of adoption on February 10, 2014, unless earlier terminated.
A copy of the Rights Plan is available under the Company's profile on SEDAR at www.sedar.com.
SOURCE Longview Oil Corp.For further information:
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