CALGARY, Dec. 14 /CNW/ - In accordance with the Arrangement Agreement
between WIN and Compton Petroleum Corporation ("Compton") dated September 17,
2007 and amended November 20, 2007 and further amended December 7, 2007 (the
"Arrangement Agreement"), Compton proposes to acquire, by way of a statutory
plan of arrangement under the Business Corporations Act (Alberta) (the
"Arrangement"), all of the issued and outstanding common shares of WIN for
cash consideration of $0.45 per common share and all of the issued and
outstanding warrants of WIN for cash consideration of $0.01 per warrant.
The board of directors of WIN Energy Corporation ("WIN") has received a
written opinion from Jennings Capital Inc., the exclusive financial advisor to
WIN, that the consideration to be received in the Arrangement, including the
increased $0.45 per common share consideration to be received by WIN
shareholders, is fair from a financial point of view to the holders of common
shares of WIN and holders of warrants of WIN (collectively, the "WIN Voting
The board of directors of WIN has concluded that the Arrangement as
amended is in the best interests of WIN and continues to unanimously recommend
that the WIN Voting Securityholders vote in favour of the Arrangement.
The fairness opinion of Jennings Capital Inc. has been filed on SEDAR at
www.sedar.com and a copy is available for viewing at the offices of WIN at
Suite 1100, 505 Third Street S.W., Calgary, Alberta, T2P 3E6.
Information Concerning WIN
WIN Energy Corporation is a Calgary based junior oil and natural gas
company with operations in Alberta and exploratory landholdings in Montana.
The common shares of WIN are listed on the TSX Venture Exchange and trade
under the symbol "WNR".
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Please contact WIN's information agent and
proxy solicitation agent, Georgeson, toll-free at (888) 605-8399