Business
Baytex Files Q1 2023 Pro Forma Financial Information in Connection with the Ranger Acquisition
Calgary, Alberta--(Newsfile Corp. - May 10, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) ("...
About this update from Baytex Energy Corp.
[{"type":"text","content":"Baytex Files Q1 2023 Pro Forma Financial Information in Connection with the Ranger AcquisitionCalgary, Alberta--(Newsfile Corp. - May 10, 2023) - Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (\"Baytex\") announces the filing of unaudited pro forma consolidated financial information of Baytex and Ranger Oil Corporation (\"Ranger\") as at and for the three-month period ended March 31, 2023 (\"Q1 Pro Forma Financial Information\"). The Q1 Pro Forma Financial Information was included in the most recent draft of Baytex's Registration Statement on Form F-4 filed May 10, 2023 with the U.S. Securities Exchange Commission (\"SEC\"). Baytex's Registration Statement on Form F-4 will, once effective, register under the U.S. Securities Act of 1933 the Baytex shares being issued to Ranger's shareholders pursuant to the previously announced merger of Baytex and Ranger (the \"Merger\"). The Merger is expected to close late in the second quarter of 2023 or early in the third quarter of 2023, subject to the satisfaction of customary closing conditions, including the requisite shareholder and regulatory approvals.The Q1 Pro Forma Financial Information has been filed under Baytex's SEDAR profile at www.sedar.com and its EDGAR profile at www.sec.gov.Forward-Looking StatementsIn the interest of providing Baytex's shareholders and potential investors with information regarding Baytex, including management's assessment of Baytex's future plans and operations, certain statements in this press release are \"forward-looking statements\" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and \"forward-looking information\" within the meaning of applicable Canadian securities legislation (collectively, \"forward-looking statements\"). In some cases, forward-looking statements can be identified by terminology such as \"anticipate\", \"believe\", \"continue\", \"could\", \"estimate\", \"expect\", \"forecast\", \"intend\", \"may\", \"objective\", \"ongoing\", \"outlook\", \"potential\", \"project\", \"plan\", \"should\", \"target\", \"would\", \"will\" or similar words suggesting future outcomes, events or performance. The forward-looking statements contained in this press release speak only as of the date hereof and are expressly qualified by this cautionary statement.Forward-looking statements in this press release include...