Business
Shell Canada Receives Regulatory Approvals in Bid for BlackRock
Shell Canada Receives Regulatory Approvals in Bid for BlackRock.
About this update from Mapath Capital Corp
[{"type":"text","content":"\n\n\n\n\nCALGARY, June 13 /CNW/ - Shell Canada Limited announced today that it has\nreceived the approval of the Minister of Industry under the Investment Canada\nAct for its offer to purchase all of the outstanding common shares of\nBlackRock Ventures Inc. (including common shares issuable upon the exercise or\nsurrender of any options or conversion of any convertible debentures). In\napproving the acquisition, the Minister determined that the transaction is\nlikely to be of \"net benefit to Canada\" for purposes of the Investment Canada\nAct.\nShell Canada also announced that the Commissioner of Competition under\nthe Competition Act (Canada) has granted Shell Canada an advance ruling\ncertificate, which constitutes compliance with the requirements under the\nCompetition Act (Canada). As a result, Shell Canada has now received all\nnecessary Canadian regulatory approvals to proceed with the acquisition of\nBlackRock.\nShareholders are encouraged to tender their BlackRock common shares to\nthe offer as soon as possible. The offer remains open until 1:01 a.m. (Calgary\ntime) on June 16, 2006, unless the offer is withdrawn or extended by Shell\nCanada. Under the terms of the offer, BlackRock shareholders will receive\n$24.00 for each BlackRock common share.\n\nThe offer documents are available on www.sedar.com.\n\n\nLegal Notices\n\nThis release does not constitute an offer to purchase or a solicitation\nof an offer to sell securities.\n\nBlackRock shareholders are advised to review the circular and any other\nrelevant documents filed with the Canadian securities regulatory authorities\nbecause they will contain important information. Those materials have been\nmailed to BlackRock shareholders at no expense to them. In addition, investors\nare able to obtain the documents free of charge through the System for\nElectronic Document Analysis and Retrieval (SEDAR) at www.sedar.com or by\ncontacting Shell Canada's Secretary at corporatesecretary(at)shell.com or\nfacsimile 403-691-3194.\n\n\n\n","length":2053,"tagName":"div"}]