Pipestone Energy Corp. Enters into Agreement to be Acquired by Strathcona Resources Ltd. in an All-Share Transaction, Creating a New Public Canadian Oil & Gas Champion

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Pipestone Energy Corp. Enters into Agreement to be Acquired by Strathcona Resources Ltd. in an All-Share Transaction, Creating a New Public Canadian Oil & Gas Champion /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } .prngen5{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: MIDDLE; TEXT-ALIGN: LEFT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 0.5pt solid } .prngen4{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: MIDDLE; TEXT-ALIGN: CENTER; BORDER-TOP:black 1pt; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 1pt } .prngen6{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt } .prnml4{ MARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT } .prntal{ TEXT-ALIGN: LEFT } .prnbsbls{ BORDER-LEFT:black 0.5pt solid } .prncbts{ BORDER-TOP:black 0.5pt solid } .prnbbbs{ BORDER-BOTTOM:black 0.5pt solid } .prnvam{ VERTICAL-ALIGN: MIDDLE } .prnpr2{ PADDING-RIGHT:0.17em } .prnbcc{ BORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black } .prnpl2{ PADDING-LEFT:0.17em } .prnbrbrs{ BORDER-RIGHT:black 0.5pt solid } Pipestone Energy Corp. Enters into Agreement to be Acquired by Strathcona Resources Ltd. in an All-Share Transaction, Creating a New Public Canadian Oil & Gas Champion Canada NewsWire CALGARY , AB , Aug. 1, 2023 /CNW/ - Strathcona Resources Ltd. ( "Strathcona" ) and Pipestone Energy Corp. (TSX: PIPE) ( "Pipestone" ) are pleased to announce that they have entered into a definitive agreement (the " Arrangement Agreement "), pursuant to which Strathcona will acquire all of the issued and outstanding common shares of Pipestone for 100% share consideration (the "Transaction" ). Upon closing of the Transaction, Strathcona will become a public reporting issuer in Canada . Strategic Transaction Rationale for Pipestone Shareholders: The Pipestone Board and management team view this transaction as being in the best interests of Pipestone shareholders. The Compa...

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