Pengrowth Energy confirms the closing of the plan of arrangement involving Pengrowth, Cona Resources, Waterous Energy Fund, Waterous Energy Fund LP, Waterous Energy Fund, and the holders of common shares and secured debt of Pengrowth, as previously announced by Pengrowth on Oct 31, 2019. Pursuant to the Arrangement, the Purchaser has acquired all [...]
Pengrowth Energy announced that, following the requisite shareholder and secured debt holder approvals having been obtained at the special meetings, it has obtained a final order of the Court of Queen’s Bench of Alberta approving the plan of arrangement, pursuant to which Cona Resources Ltd. will acquire all of the outstanding common shares [...]
Pengrowth Energy announced the approval of its previously announced acquisition by Cona Resources Ltd. by way of a plan of arrangement under the Business Corporations Act, at its special meetings of shareholders and secured debt holders held earlier today. At the special meeting of the Company's shareholders, a total of 308,298,767 common shares [...]
Pengrowth Energy announced that a second leading proxy advisory firm, Glass, Lewis & Co., released a report recommending that Pengrowth shareholders vote in favour of the proposed arrangement with Cona Resources, a portfolio company of Waterous Energy Fund. Glass Lewis’ recommendation in favour of the Arrangement follows an identical [...]
Pengrowth Energy announced that Institutional Shareholder Services released a report recommending that Pengrowth shareholders vote in favour of the proposed arrangement with Cona Resources, a portfolio company of Waterous Energy Fund. The ISS Report states that, The consideration to be paid to shareholders will be comprised partly or entirely of [...]
Pengrowth Energy announced that it has obtained an interim order from the Court of Queen’s Bench of Alberta in connection with its previously announced business combination with Cona Resources, a portfolio company of Waterous Energy Fund, by way of a plan of arrangement under the Business Corporations Act. As previously disclosed, pursuant to [...]
Pengrowth Energy announced that, in connection with its previously announced proposed business combination with Cona Resources, a portfolio company of Waterous Energy Fund, by way of a plan of arrangement under the Business Corporations Act, Pengrowth and the Purchaser have entered into support agreements with holders of an aggregate of 93% of the [...]
Pengrowth Energy reported its results for the three and nine months ended Sept 30, 2019. "Negotiations with our lenders on an amendment and extension of our notes and credit facility as discussed in our Sept 30th press release broke down in October," said Pete Sametz, President and CEO of Pengrowth. "While we are disappointed in the impact this has [...]
Pengrowth Energy announced that it has entered into a definitive arrangement agreement with Cona Resources Ltd. pursuant to which the Purchaser has agreed to repay the outstanding principal amount and accrued interest to the date of the Arrangement Agreement owing under the Company’s credit facility and secured notes and acquire all of the [...]
Pengrowth has reached an agreement for a 31 day extension of the maturity date under its secured revolving credit facility and under its October 2019 secured notes. Pengrowth remains in ongoing discussions with its key senior debtholders regarding an overall transaction to address maturities under its Credit Facility and Secured Notes and put [...]
Pengrowth Energy reported its results for the three and six months ended June 30, 2019. The Company also announced that GLJ Petroleum Consultants Ltd. has provided an updated report of Pengrowth's bitumen reserves estimate based on the performance of the Lindbergh thermal oil project effective June 30, 2019. "I want to thank our teams who continued [...]
Seymour Schulich announced today that, through the acquisition of an additional 2,000,000 shares via open market purchases, he has increased his ownership of Pengrowth Energy Corp. and now owns or controls 170,000,000 shares. Mr. Schulich's recent purchases have been bought through Nevada Capital Corporation Limited where Mr. Schulich is the [...]
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