VANCOUVER, April 11 /CNW/ - Grove Energy Limited ("Grove") (TSX-V & AIM: GRV), would like to remind shareholders about the Extraordinary Meeting of Shareholders and Optionholders to be held at 10:00 am on April 18, 2007 at The Renaissance Vancouver Hotel Harbourside, 1133 West Hastings Street, Vancouver.
At the meeting Grove shareholders will be asked to consider and vote upon an arrangement under the Business Corporations Act (British Columbia) involving Grove and Stratic Energy Corporation ("Stratic"). Under the arrangement Grove shareholders will be entitled to receive 0.61879 of a voting common share of Stratic in exchange for each Grove common share held. Each Grove shareholder should have received a Notice and Information Circular for the Extraordinary Meeting of Shareholders And Optionholders dated March 16, 2007 ("Information Circular"), which sets out the details of the arrangement and includes the unanimous recommendation, of the directors of the Company, that the arrangement be approved. In addition to the Information Circular, shareholders will have received voting instructions and a form of proxy to allow for voting in the event that a shareholder cannot attend the meeting in person.
Immediately after the extraordinary meeting, Grove is pleased to host a presentation by Mr. Kevin Watts, CEO of Stratic, which will be informative and provide shareholders a chance to meet Mr. Watts and Mr. Mark Bisland, CFO of Stratic.
If, as a shareholder of the Company, you have not received the Information Circular, voting instructions and form of proxy or if you have any questions about the voting procedure, please contact Ms. Alex Gomez at +1 604 669 2099 or alex@groveenergy.com.
In order for your vote to be counted it must be completed, in accordance with the instructions, and received by Grove's transfer agent, Pacific Corporate Trust Company, 510 Burrard Street, 3rd Floor, Vancouver, V6C 3B9 (or by fax at +1 604 689 8144) by the close of business (Vancouver time) on April 16, 2007.
It is important for Grove shareholders to exercise their voting right, either at the Extraordinary Meeting or by proxy, in respect of the arrangement (or their dissent right under law) and the directors of the Company urge you to do so.
GROVE ENERGY LIMITED
Per "Anthony Hawkshaw"
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ANTHONY HAWKSHAW, CFO
Some of the statements contained in this release are forward-looking statements. Forward looking statements include but are not limited to, statements concerning estimates of recoverable hydrocarbons, expected hydrocarbon prices, expected costs, statements relating to the continued advancement of the Company's projects and other statements which are not historical facts. When used in this document, and in other published information of the Company, the words such as "could," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements. Although the Company believes that its expectations reflected in the forward-looking statements are reasonable, such statements involve risk and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Various factors could cause actual results to differ from these forward-looking statements including the potential for the Company's projects to experience technical or mechanical problems, geological conditions in the reservoir may not result in a commercial level of oil and gas production, changes in product prices and other risks not anticipated by the Company or disclosed in the Company's published material. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties.
Neither the TSX Venture Exchange nor the AIM Market operated by London
Stock Exchange plc approves nor disapproves of the information contained
herein.
The information contained herein does not constitute an offer of
securities for sale in the United States, United Kingdom, Canada, Japan
or Australia.