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Bonterra Energy Corp. Announces Expiration of Obsidian Energy Ltd.'s Unsolicited Bid
Bonterra Energy Corp. Announces Expiration of Obsidian Energy Ltd.'s Unsolicited Bid ...
About this update from Bonterra Energy Corp.
[{"type":"text","content":"\n \n \n \n Bonterra Energy Corp. Announces Expiration of Obsidian Energy Ltd.'s Unsolicited Bid\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n March 30, 2021\n \n /CNW/ - Bonterra Energy Corp. (\n \n www.bonterraenergy.com\n \n ) (TSX: BNE) (\"Bonterra\" or the \"Company\") acknowledges Obsidian Energy Ltd.'s (\"Obsidian\") press release, dated\n \n March 29, 2021\n \n , which confirms that Obsidian has not extended its hostile bid, and therefore the hostile bid expired as of\n \n 5:00 p.m. (Mountain Time)\n \n on\n \n March 29, 2021\n \n .\n \n \n As of the expiry, the hostile bid was unsuccessful and any Bonterra shares that had been tendered will be promptly returned to the respective Bonterra shareholders. The Company appreciates the ongoing support and feedback received from shareholders through the process. With ongoing efforts to generate strong and sustainable free funds flow, meaningful support from recent government programs and a Board refresh underway, Bonterra believes the Company is in a strong position to pursue profitable development of its high-quality, light oil weighted asset base.\n \n \n \n About Bonterra\n \n \n \n Bonterra Energy Corp. is a conventional oil and gas corporation with operations in\n \n Alberta\n \n ,\n \n Saskatchewan\n \n and\n \n British Columbia\n \n , focused on its strategy of long-term, sustainable growth and value creation for shareholders. The Company's shares are listed on The Toronto Stock Exchange under the symbol \"BNE\".\n \n \n \n Forward Looking Information\n \n \n \n Certain statements contained in this release include statements which contain words such as \"anticipate\", \"could\", \"should\", \"expect\", \"seek\", \"may\", \"intend\", \"likely\", \"will\", \"believe\" and similar expressions, relating to matters that are not historical facts, and such statements of our beliefs, intentions and expectations about development, results and events which will or may occur in the future, constitute \"forward-l...