Business
Stratic Announces Closing of Plan of Arrangement with EnQuest PLC
Stratic Announces Closing of Plan of Arrangement with EnQuest PLC
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[{"type":"text","content":"\n\n\n\n Nov. 8, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCALGARY AND LONDON, Nov. 8 /CNW/ -Stratic Energy Corporation (TSX\n Venture: 'SE', AIM: 'SE.') ("Stratic" or the "Company") announces\n closing of the previously announced plan of arrangement (the\n "Arrangement") with EnQuest PLC (LSE: ENQ and NASDAQ OMX Stockholm:\n ENQ) ("EnQuest") under the Business Corporations Act (Yukon), which was completed and became effective after close of\n markets on Friday, November 5 and resulted in EnQuest acquiring all of\n the issued and outstanding Stratic shares in exchange for ordinary\n shares of EnQuest on the basis of 0.089626 of an EnQuest share for each\n Stratic share.\n\n\nUpon the Arrangement becoming effective all of the issued and\n outstanding Stratic shares were transferred to EnQuest and the Company\n became a wholly-owned subsidiary of EnQuest.  All Stratic shareholders\n immediately prior to the effective time of the Arrangement are entitled\n to receive EnQuest shares in exchange for their Stratic shares based on\n the above exchange ratio.\n\n\nFurther trading in Stratic shares will be halted on the TSX Venture\n Exchange pending formal delisting, and the admission to trading of\n Stratic shares on the Alternative Investment Market of the London Stock\n Exchange will be cancelled effective November 8, 2010.  The EnQuest\n shares issued under the Arrangement are expected to be admitted to\n trading on the London...