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Compton Petroleum Corporation Announces Receipt of the Minimum Required Shares in Connection with its Offer to Acquire Stylus Energy Inc.
Compton Petroleum Corporation Announces Receipt of the Minimum Required Shares in Connection with its Offer to Acquire Stylus Energy Inc..
About this update from Cullinan Metals Corp
[{"type":"text","content":"\n\n\n\nCALGARY, Aug. 14 /CNW/ - Compton Petroleum Corporation ("Compton") is\npleased to announce that its wholly owned subsidiary, Compton Petroleum\nAcquisition Limited (the "Offeror") has, pursuant to its July 5, 2007 offer\n(the "Offer") to acquire all of the outstanding common shares (the "Stylus\nShares") of Stylus Energy Inc. ("Stylus"), received to date tenders of\n26,551,650 Stylus Shares, representing approximately 99.68% of the outstanding\nStylus Shares, excluding the Stylus Shares already held by the Offeror or its\naffiliates.\n\n\nSince all of the conditions to the Offer have been satisfied, the Offeror\nhas taken up, and will within the time prescribed by applicable law, pay for\nall of the Stylus Shares validly deposited pursuant to the offer and not\nwithdrawn prior to August 14, 2007, and intends to acquire the balance of the\nStylus Shares not acquired pursuant to the Offer by way of a compulsory\nacquisition pursuant to the provisions of the Business Corporations Act\n(Alberta) on the same terms (including the offer price) as the Stylus Shares\nacquired under the Offer.\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":1851,"tagName":"div"}]