A Spin-off from an S&P/TSX SmallCap Index Constituent
TORONTO, May 19, 2015 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
Pursuant to the terms of a Plan of Arrangement, DeeThree Exploration Ltd. (TSX:DTX) has completed a corporate reorganization. Effective at the open of trading on Thursday, May 21, 2015, DeeThree will change its name to Granite Oil Corp. (TSX:GXO). The shares of the company will be consolidated on a 1-for-3 basis at the same time. Granite Oil will retain the company's Bakken properties located in the Lethbridge area of southern Alberta.
Concurrently, the company will spin off on a 1-for-2 basis, shares in a new company to be named Boulder Energy Ltd. (TSX:BXO). Boulder Energy will retain the company's Brazeau Belly River properties as well as those located in the Peace River Arch area of northern Alberta. The spun out shares of Boulder Energy Ltd. will be added to the S&P/TSX SmallCap Index at zero price after the close on Thursday, May 21, 2015.
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For further information: Tony North, Director, Canadian Index Operations, S&P Dow Jones Indices, (+) 416 507 3204, [email protected]; David Blitzer, Managing Director and Chairman of the Index Committee, S&P Dow Jones Indices, (+) 212 438 3907, [email protected]