CALGARY, April 21 /CNW/ - Tudor Corporation (TSX: TDR) ("Tudor") has filed its notice of a Special Meeting of Shareholders to be held June 11, 2010 to consider the reverse takeover of Tudor by Marzcorp Oil & Gas Inc. ("Marzcorp"), an Ontario corporation, to form a new company.
It is anticipated that the properties and cash that will come to Tudor as part of this takeover are positive for Tudor and Marzcorp shares and shareholders.
About Marzcorp: Marzcorp is a private Canadian oil and natural gas exploration company in the Gaspe Peninsula in Quebec. The company's permits cover 378,579 hectares (935,090 acres) in the Matapedia Valley, Gaspesie, Quebec, with half the land located in the Taconic belt and half in the Gaspe belt. Further exploration and development work is proposed to delineate the prospective resources including 3D seismic and two exploration wells.
About Tudor: Tudor is a publicly traded oil and gas company listed on the Toronto Stock Exchange. Tudor owns producing petroleum and natural gas assets in Alberta as well as in the United States.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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. The petroleum assets of Marzcorp have been classified as prospective resources. Accordingly, there is no certainty that any portion of the resources will be discovered, or if discovered, there is no certainty that it will be commercially viable to produce any portion of the resources. All such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. 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: please contact Lionel Conn, President and Director of Tudor at (403) 250-7225