Compton Petroleum Corporation acquires WIN Energy Corporation

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[{"type":"text","content":"\n\n\n\nCALGARY, Dec. 21 /CNW/ - Compton Petroleum Corporation ("Compton") and\nWIN Energy Corporation ("WIN") are pleased to jointly announce that Compton\nhas completed its previously announced acquisition, by way of a statutory plan\nof arrangement under the Business Corporations Act (Alberta) (the\n"Arrangement"), of all of the issued and outstanding common shares of WIN for\ncash consideration of $0.45 per common share and all of the issued and\noutstanding warrants of WIN for cash consideration of $0.01 per warrant, for\ntotal consideration of approximately $30 million. As a result of the\ncompletion of the Arrangement, WIN has become a wholly-owned subsidiary of\nCompton. Compton intends to cause WIN to apply to delist the WIN common shares\nfrom the TSX Venture Exchange and to cause WIN to cease to be a reporting\nissuer under applicable Canadian securities legislation as soon as reasonably\npracticable.\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\nWIN Energy Corporation is a Calgary-based junior oil and natural gas\ncompany with operations in Alberta and exploratory landholdings in Montana.\nThe common shares of WIN are listed on the TSX Venture Exchange and trade\nunder the symbol "WNR".\n\n\n%SEDAR: 00003803E %CIK: 0001043572\n\n\n","length":1697,"tagName":"div"}]

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