Business
Compton Petroleum Corporation acquires common shares of Stylus Energy Inc.
Compton Petroleum Corporation acquires common shares of Stylus Energy Inc..
About this update from Cullinan Metals Corp
[{"type":"text","content":"\n\n\n\nCALGARY, Aug. 15 /CNW/ - Compton Petroleum Corporation ("Compton") and\nStylus Energy Inc. ("Stylus") are pleased to jointly announce that Compton\nPetroleum Acquisition Limited, a wholly owned subsidiary of Compton (the\n"Offeror") has, pursuant to its July 5, 2007 offer (the "Offer") to acquire\nall of the outstanding common shares (the "Stylus Shares") of Stylus, received\nas of 4:00 p.m. on August 14, 2007 tenders of 26,551,650 Stylus Shares,\nrepresenting approximately 99.68% of the outstanding Stylus Shares, excluding\nthe Stylus Shares already held by the Offeror or its affiliates. Since all of\nthe conditions to the Offer have been satisfied, the Offeror has taken up and\npaid for all of the Stylus Shares deposited under the Offer.\n\n\nAs a result, Stylus is pleased to announce that effective today, Ernest\nG. Sapieha, Norm G. Knecht, Tim G. Millar, Mel F. Belich, John W. Preston and\nMurray J. Stodalka have been appointed as the directors of Stylus and James B.\nHowe, Paul W.M. Read, Edward W. Bogle, Paul D. Evans, David W. Rowbotham and\nRichard A. Walls have resigned as directors of Stylus.\n\n\nAlso effective today, the following have been appointed as officers of\nStylus: Ernest G. Sapieha, President & Chief Executive Officer, Norm G.\nKnecht, Vice-President Finance & Chief Financial Officer and Tim G. Millar,\nVice-President & Corporate Secretary.\n\n\nCompton Petroleum Corporation is a Calgary-based public company actively\nengaged in the exploration, development, and production of natural gas,\nnatural gas liquids, and crude oil in the Western Canada Sedimentary Basin.\nCompton's shares are listed on the Toronto Stock Exchange under the symbol\n"CMT" and on the New York Stock Exchange under the symbol "CMZ".\n\n\nStylus is a Calgary based junior oil and natural gas company with\noperations in Alberta. The common shares of Stylus are listed on the Toronto\nStock Exchange and trade under the symbol "STY".\n\n\n%SEDAR: 00003803E %CIK: 0001043572\n\n\n","length":2149,"tagName":"div"}]