VANCOUVER, Nov. 30 /CNW/ - Gemini Energy Corp. ("Gemini") (TSX: GNI) and
NRG Investments Inc. ("NRG") (CNQ: NRGI) announce that the British Columbia
Supreme Court has granted a final order approving its plan of arrangement (the
"Arrangement"). The Arrangement provides for, among other things, the
acquisition by NRG of all of the outstanding securities of Gemini.
Gemini and NRG continue to work towards removing the remaining conditions
to the completion of the Arrangement. The Arrangement is expected to close
once all of the conditions have been waived or satisfied, at which time all of
the outstanding securities of Gemini will be exchanged for either cash or
common shares of NRG.
More information regarding the Arrangement may be found in the Gemini and
NRG joint news releases dated May 22, 2007 and September 4, 2007.
Certain statements included in this press release are "forward looking".
Forward looking statements relate to future events or to Gemini's future
financial performance. In some cases, you can identify forward-looking
statements by terminology such as "may", "should", "expects", "plans",
"anticipates", "believes", "estimates", "predicts", "potential" or "continue"
or the negative of these terms or other comparable terminology. These
statements are only predictions and involve known and unknown risks,
uncertainties and other factors. These risks may cause the actual result to be
materially different from any projected future result that is expressed or
implied in these forward-looking statements. Forward looking statements in
this news release include Gemini's expectation that the Arrangement will
complete. Factors that could cause the Arrangement not to complete include
failure to remove any of the conditions to completion of the Arrangement.
Readers should also refer to the risks outlined in Gemini's management
information circular dated August 29, 2007, filed on SEDAR at www.sedar.com.
Actual results may differ substantially.
For further information:
For further information: Gordon Nielsen at (604) 669-1400