Business
Bronco announces closing of plan of arrangement
Bronco announces closing of plan of arrangement
About this update from Builders Capital Mortgage Corp. Class A
[{"type":"text","content":"\n\n\n\n Nov. 4, 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, Nov. 4 /CNW/ - Bronco Energy Ltd. ("Bronco") (TSX:BCF) announces the closing today of the acquisition of Bronco by\n Legacy Oil + Gas Inc. ("Legacy") (TSX:LEG) by way of a plan of arrangement.\n\n\nLegacy acquired all of the outstanding common shares of Bronco and all\n of the principal amount of 6% secured subordinated debentures of\n Bronco. Holders of common shares of Bronco received an aggregate of\n 862,893 common shares of Legacy (or 0.0182 common shares of Legacy for\n each share of Bronco) and holders of 6% secured subordinated debentures\n of Bronco received an aggregate of $25,546,400 in cash (or $1,100 per\n $1,000 principal amount of debentures). The common shares of Bronco\n will be delisted from the Toronto Stock Exchange.\n\n\nBronco encourages holders of its common shares and debentures to\n complete their letters of transmittal or instruct their brokers to do\n so on their behalf. Holders of common shares and debentures have five\n years from today's date to submit their letter of transmittal. Any\n certificate representing common shares or debentures that is not\n validly deposited by November 4, 2015 shall cease to represent a right\n or claim of any kind or nature.\n\n\n\n\n\n\n%SEDAR: 00023400E\n\n\n \nLegacy Oil + Gas Inc. Trent J. Yanko, P.Eng. President + CEO Legacy Oil + Gas Inc. 3900, Bow Valley Square II    205 - 5th Avenue S.W. Calgary, AB T2P...