CALGARY, June 19 /CNW/ - Total E&P Canada Ltd. ("Total Canada"), a
wholly-owned subsidiary of Total S.A., announces that it has extended its
offer to acquire all of the issued and outstanding common class "A" voting
shares (the "Common Shares") of Synenco Energy Inc. ("Synenco") pursuant to
its offer and take-over bid circular dated May 13, 2008. The previously
announced offer by Total Canada to acquire the Common Shares for $9.00 in cash
for each Common Share had an initial expiry time of 7:00 p.m. (Calgary time)
on June 18, 2008.
Total Canada has not yet received the required approval from the Minister
responsible for the Investment Canada Act and, as a result, this condition to
the offer has not been satisfied as of the initial expiry time. Total Canada
anticipates receiving the required Investment Canada Act approval soon and has
extended the offer to 7:00 p.m. (Calgary time) on July 3, 2008. The
determination of whether the other conditions to the offer have been satisfied
or will be waived by Total Canada will be made at the new expiry time on July
Synenco shareholders who have already deposited their Common Shares to
the offer do not need to take any further action to accept the offer.
Shareholders who have not yet deposited their Common Shares in acceptance of
the offer may tender such shares to the offer at any time prior to 7:00 p.m.
(Calgary time) on July 3, 2008.
On June 5, 2008, Total Canada received the Advance Ruling Certificate
under the Competition Act (Canada) in respect of the offer.
For further information:
For further information: Derek Rogers, Public Affairs, Phone: (403)
538-8153, Cell: (403) 630-0424, email@example.com