/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE
TSX Trading Symbol: BVX
CALGARY, April 9 /CNW/ - Bow Valley Energy Ltd. ("Bow Valley") (TSX -
BVX) announced today that the Bow Valley shareholders and the Court of Queen's
Bench of Alberta have each approved the arrangement under the Business
Corporations Act (Alberta) pursuant to which Dana Petroleum (E&P) Limited, a
subsidiary of Dana Petroleum plc, will acquire all of the outstanding common
shares of Bow Valley. Provided all of the other conditions to the completion
of the arrangement are satisfied or waived, closing of the arrangement is
expected to take place at or before the end of April, 2009.
Bow Valley is an oil and natural gas exploration, development and
production company with operations in the U.K. sector of the North Sea and in
Alaska. The common shares of Bow Valley trade on the TSX under the symbol BVX.
Additional information relating to Bow Valley may be found on the SEDAR
website at www.sedar.com.
Certain information included in this news release constitutes
forward-looking information under applicable securities legislation. Such
forward-looking information is provided for the purpose of providing
information about management's current expectations and plans relating to the
future. Readers are cautioned that reliance on such information may not be
appropriate for other purposes, such as making investment decisions.
Forward-looking information typically contains statements with words such as
"anticipate", "believe", "expect", "forecast", "plan", "intend", "estimate",
"propose", or similar words suggesting future outcomes or statements regarding
an outlook. Forward-looking information is based on a number of factors and
assumptions that have been used to develop such information, but which may
prove to be incorrect. Although Bow Valley believes that the expectations
reflected in such forward-looking information is reasonable, undue reliance
should not be placed on forward-looking information because Bow Valley can
give no assurance that such expectations will prove to be correct.
Forward-looking information is based on current expectations, estimates and
projections that involve a number of risks and uncertainties which could cause
actual results to differ materially from those anticipated by Bow Valley and
described in the forward-looking information. The forward-looking information
contained in this news release is made as of the date hereof and Bow Valley
undertakes no obligation to update publicly or revise any forward-looking
information, whether as a result of new information, future events or
otherwise, unless so required by applicable securities laws. The forward
looking information contained in this news release is expressly qualified by
this cautionary statement.
For further information:
For further information: Bow Valley Energy Ltd., Robert G. Moffat,
President and Chief Executive Officer, or C.W. Leigh Cassidy, Vice President,
Chief Financial Officer, Phone (403) 232-0292, www.bvenergy.com