This Notice may affect your rights. Please read carefully
TORONTO, June 13, 2013 /CNW/ - THIS NOTICE is directed to all persons, excluding the defendants and their
families, who bought shares of Alange Energy Corp., now known as
PetroMagdalena Energy Corp., during the period August 30, 2010 to
January 12, 2011 ("Class Period") and held some or all of those shares
on January 13, 2001.
In this action the plaintiffs allege that Alange misrepresented its
actual production of barrels of oil equivalent per day during the Class
On June 11, 2013, Justice Patterson certified this action as a class
action. The court has not determined who will win this action. The
certification order and reasons for decision of Justice Patterson are
posted at http://www.alangeclassaction.com.
WHAT ARE YOUR RIGHTS
If you wish to participate in the class action you do not need to do
anything at this time. If you wish to be excluded from this class
action, you must send a signed statement saying that you wish to be
excluded, containing your name, address, telephone number and the
number of Alange shares that you bought during the Class period and
held on January 13, 2001, by prepaid mail, fax, courier or email to: Gregory D. Wrigglesworth, Kirwin Partners LLP, Lawyers, 423 Pelissier
Street, Windsor, ON N9A 4L2, Attention: Alange Class Action or by fax
to 519-790-0006 or by email to firstname.lastname@example.org. A person who decides not to participate in the class action, will not be bound by any future order made in the class action, and will not be eligible for any recovery in the class action but may pursue an
Do not opt out if you wish to participate in the class action. If you do not
opt out of the class action on or before 5:00 p.m. eastern time on
September 3, 2013, you will be part of this class action and you will
be bound by all future orders made in this action.
CLASS COUNSEL FEES AND DISBURSEMENTS
The plaintiffs and Class Counsel signed a fee agreement which provides
that Class Counsel will be paid out of any recovery a percentage of the
recovery as fees, plus expenses and applicable taxes, but only in the
event of success in the class action. The fees will be 25% to 33.3% of
the recovery depending upon whether the action settles and when or
proceeds to judgment after trial.
The fee agreement must be approved by the court. Class Members will not
be required to pay Class Counsel unless the plaintiffs are successful
in this action and then the fees will be deducted from their recovery.
Individual issues may remain for determination after the trial. If a
Class Member wishes to retain a lawyer to assist with these individual
issues, the Class Member will have to pay additional fees for this
This Notice was approved by the Ontario Superior Court of Justice.
Inquiries should not be directed to the court.
Additional information about the class action can be found at http://www.alangeclassaction.com or www.strosbergco.com.
Any questions regarding this class action, the certification order or
opting out should be directed to:
Jay Strosberg, Sutts, Strosberg LLP, 600-251 Goyeau Street, Windsor
ON N9A 6V4, Tel: 1.800.489.6982 (toll free), Fax: 1.866.316.5308
(toll free in Canada and the U.S.), Email: email@example.com.
This Notice is a summary of some of the terms of the certification
order. If there is a conflict between the provisions of this Notice
and the terms of the certification order, the certification order shall
SOURCE: Sutts, Strosberg LLP Barristers & Solicitors
For further information:
Jay Strosberg, Sutts, Strosberg LLP, 600-251 Goyeau Street, Windsor ON N9A 6V4, Tel: 1.800.489.6982 (toll free), Fax: 1.866.316.5308 (toll free in Canada and the U.S.), Email: firstname.lastname@example.org.