CALGARY, Sept. 9, 2013 /CNW/ - Caracal Energy Inc. ("Caracal" or the "Company"), announces that a notice of shareholder meeting ("Notice") and circular ("Circular" collectively the "Meeting Materials") were sent to shareholders giving notice that a special meeting (the "Meeting") will be held on October 3, 2013 in Calgary, Alberta.
At the Meeting, shareholders will be asked to vote on resolutions to allow the Company to:
|1)||amend its articles of incorporation to include a provision that it will adhere to the general principles of the UK's City Code on Takeover and Mergers to the extent reasonably practicable, which is a requirement of Caracal being allocated a UK classification for FTSE UK index series inclusion (as previously announced); and|
|2)||set annual authorization amounts for the allotment of equity securities and dis-application of pre-emption rights in accordance with UK corporate governance guidelines and make certain amendments to provisions in its articles of incorporation concerning such allotment of equity securities and pre-emption rights.|
The Meeting Materials were submitted to the Financial Conduct Authority's National Storage Mechanism and will be available for inspection online at www.morningstar.co.uk/NSM.
About Caracal Energy Inc.
Based in Canada, Caracal Energy Inc. is an international exploration and development company focused on oil and gas exploration, development and production activities in the Republic of Chad, Africa. In 2011, the Company acquired three production sharing contracts ("PSCs") from the government of the Republic of Chad. These PSCs provide exclusive rights to explore and develop reserves and resources over a combined area of 26,103 km2 in southern Chad. The PSCs cover two world-class oil basins with development opportunity, oil discoveries, and numerous exploration prospects.
SOURCE: Caracal Energy Inc.
For further information:
Caracal Energy Inc.
Gary Guidry, President and Chief Executive Officer
Trevor Peters, Chief Financial Officer
Longview Communications - Canadian Media Enquiries
Alan Bayless 604-694-6035
Joel Shaffer 416-649-8006
FTI Consulting - UK Media Enquiries
Ben Brewerton / Ed Westropp
+ 44 (0) 207 8313 3113