CALGARY, July 20 /CNW/ - Tudor Corporation (TSX: TDR) ("Tudor") and Marzcorp Oil & Gas Inc. ("Marzcorp") entered into a binding letter agreement (the "Letter Agreement") dated March 31, 2010, whereby Tudor proposed to acquire all of the outstanding shares of Marzcorp (the "Acquisition"). Subject to receipt of approval from the Toronto Stock Exchange to mail the information circular, the special meetings of each of the Tudor and Marzcorp shareholders to consider the reverse take-over have been extended to September 7, 2010, with the record date set for July 19, 2010. Closing of the Acquisition is scheduled to take place on or about September 8, 2010, subject to meeting TSX original listing requirements and subject to closing of a private placement being conducted by Marzcorp. Please see the press release dated March 31, 2010 and April 21, 2010, for additional information.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
THIS PRESS RELEASE DOES NOT CONSTITUE AN OFFER TO SELL SECURITIES OR A SOLICITATION FOR PURCHASERS TO BUY SECURITIES. THIS PRESS RELEASE IS NOT TO BE CONSTRUED AS A PUBLIC OFFERING IN ANY PROVINCE IN CANADA UNLESS A PROSPECTUS RELATING THERETO HAS BEEN ACCEPTED FOR FILING BY A SECURITIES COMMISSION OR SIMILAR AUTHORITY IN SUCH PROVINCE.
Investors are cautioned that this news release contains forward looking information concerning the timing and completion of the Acquisition and the completion of the Marzcorp Financing. There is a risk that the Marzcorp Financing will not be completed and therefore the Acquisition would not be completed. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to the completion of the Acquisition, the Marzcorp Financing or other matters addressed in the new release.
SOURCE Tudor Corporation Ltd.
For further information: For further information: Lionel Conn, President and Director, Phone (403) 250-7225; Frank Marzoli, President and Director, Phone (514) 721-1180