Business
Obsidian Energy Announces Extension of its Offer to Purchase the Shares of Bonterra Energy Corp.
Obsidian Energy Announces Extension of its Offer to Purchase the Shares of Bonterra Energ...
About this update from Obsidian Energy Ltd
[{"type":"text","content":"\n \n \n \n Obsidian Energy Announces Extension of its Offer to Purchase the Shares of Bonterra Energy Corp.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n •\n \n \n Offer to purchase Bonterra extended to\n \n March 29, 2021\n \n , allowing Bonterra shareholders to assess the relative performance of the two companies' fourth quarter and year end 2020 results\n \n \n \n \n •\n \n \n Obsidian Energy draws attention to questionable trading activity of Bonterra CEO\n \n \n \n \n CALGARY, AB\n \n ,\n \n Jan. 25, 2021\n \n /CNW/ - OBSIDIAN ENERGY LTD. (TSX: OBE), (OTCQX: OBELF) (\"\n \n Obsidian\n \n \n Energy\n \n \" or the \"\n \n Company\n \n \") today announced that it has extended the expiry of its offer (the \"\n \n Offer\n \n \") to purchase all of the issued and outstanding common shares (the \"\n \n Bonterra\n \n \n Shares\n \n \") of Bonterra Energy Corp. (TSX – BNE) (\"\n \n Bonterra\n \n \") until\n \n 5:00 p.m. (Mountain Daylight Time) on Monday\n \n , March 29, 2021.\n \n \n \n \n \n \n \n \n \n \"Obsidian Energy is uniquely positioned to be a true 'Cardium Champion', and we have heard from many Bonterra stakeholders who are supportive of our Offer and industry consolidation. Unfortunately, Bonterra's entrenched founder/CEO/Chairman,\n \n George Fink\n \n , and his fellow Bonterra Board members have continued to seek to discredit Obsidian Energy and our Offer through misinformation, fearmongering and questionable trading activities\", said\n \n Stephen Loukas\n \n , Interim President and CEO. \"Through to the end of our now extended Offer period, we will continue to lay out the facts and benefits o...