WIN Energy Corporation and Compton Petroleum Corporation Postpone Meeting Date regarding Arrangement until December 20, 2007

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[{"type":"text","content":"\n\n\n\nCALGARY, Nov. 21 /CNW/ - On September 17, 2007, WIN Energy Corporation\n("WIN") and Compton Petroleum Corporation ("Compton") jointly announced that\nthey had entered into an Arrangement Agreement (the "Arrangement Agreement")\nwhereby Compton would acquire, by way of a statutory plan of arrangement under\nthe Business Corporations Act (Alberta) (the "Arrangement"), all of the issued\nand outstanding common shares of WIN for cash consideration of $0.37 per\ncommon share and all of the issued and outstanding warrants of WIN for cash\nconsideration of $0.01 per warrant.\n\n\nOn October 22, 2007, WIN mailed a notice, information circular and proxy\nstatement to the holders of common shares of WIN and holders of warrants of\nWIN (collectively, the "WIN Voting Securityholders") in respect of a meeting\n(the "Meeting") to be held on November 22, 2007 for the purpose of approving\nthe Arrangement.\n\n\nThe Board of Directors of WIN (the "WIN Board") has now determined that\nin order to fulfill its fiduciary obligations, it must consider and assess the\neffect of certain recent operational developments prior to the holding of the\nMeeting. As a result of the foregoing, WIN will apply to the Court of Queen's\nBench of Alberta with the consent and support of Compton for an order to\npostpone the time for the holding of the Meeting until 9:00 a.m. on December\n20, 2007. The postponed Meeting will be held in the Strand/Tivoli Room of The\nMetropolitan Conference Centre, 333 - 4th Avenue S.W., Calgary, Alberta. The\nrecord date for WIN Voting Securityholders entitled to vote at the Meeting\nremains the close of business on October 19, 2007. In connection with the\npostponed Meeting, additional information pertaining to WIN will be provided\nto the WIN Voting Securityholders prior to the Meeting.\n\n\nCompton has been made aware of WIN's operational developments and has\nagreed to the postponement of the Meeting. Compton is supportive of the\nprocess being conducted by the WIN Board and remains committed to the\nacquisition of WIN on the basis of the terms and conditions set forth in the\nArrangement Agreement, as amended.\n\n\nWIN and Compton have amended the Arrangement Agreement to permit WIN to\nhold the Meeting on or before December 20, 2007 and to provide that...

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