CALGARY, May 7, 2015 /CNW/ - Reference is made to the offer dated March 25, 2015 by Crimson Energy Ltd. (the "Offeror") to purchase all of the issued and outstanding common shares (the "Common Shares") of Northpine Energy Ltd. ("Northpine") for Cdn$0.001 in cash per Common Share (the "Offer"). As previously announced, the expiry time for the Offer was 5:00 p.m. (Calgary time) on May 4, 2015.
Northpine and the Offeror are pleased to announce that all terms and conditions of the Offer have been satisfied, and that the Offeror will take up and pay for approximately 131,571,447 Common Shares validly deposited under the Offer, representing approximately 93% of Northpine's issued and outstanding Common Shares.
This press release is for information purposes only and does not constitute or form part of any offer to purchase or any solicitation of any offer to sell Common Shares. The Offer was made exclusively by means of and subject to the terms and conditions set out in the Offer, and in Northpine's directors' circular, the letter of acceptance and transmittal and the notice of guaranteed delivery accompanying the Offer.
SOURCE Crimson Energy Ltd.
Image with caption: "Crimson Energy Ltd. (CNW Group/Crimson Energy Ltd.)". Image available at: http://photos.newswire.ca/images/download/20150507_C2256_PHOTO_EN_16361.jpg
For further information: For further information concerning the Offeror or Northpine, contact: Michael J. O'Byrne, President, Crimson Energy Ltd., President, Northpine Energy Ltd., Tel: (403) 244-7802, Fax: (403) 218-2366, Email: [email protected]