LONDON, ONTARIO -- (Marketwire - Aug. 2, 2011) - Torque Energy Inc. (TSX VENTURE:TQE) (Torque) and Dundee Energy Limited (TSX:DEN) (Dundee Energy) advise that the amalgamation of Torque with a subsidiary of Dundee Energy (formerly called Eurogas Corporation) became effective today and Torque has become a wholly-owned subsidiary of Dundee Energy. It is expected that Torque's shares will be delisted from the TSX Venture Exchange on Thursday, August 4, 2011.
Shareholders of Torque were able to elect before 4:30 p.m. (Toronto time) on July 27, 2011 to receive on the amalgamation either C$0.50 for each Torque share held or one common share in Dundee Energy for every two Torque shares held. If no election was made, shareholders will receive C$0.50 per share. Shareholders will be sent the cash or share consideration which they elected to receive for their Torque shares later this week.
About Torque Energy Inc.
Torque Energy Inc. is listed on the TSX Venture Exchange under the symbol "TQE" and is engaged in oil and gas operations in Ontario and Alberta. For more information, visit www.torqueenergy.com.
About Dundee Energy Limited
Dundee Energy Limited is listed on the Toronto Stock Exchange under the symbol "DEN" and is engaged in oil and natural gas operations in Ontario and indirectly in the development of a major underground storage facility off the east coast of Spain. For more information, visit www.dundee-energy.com.
Neither the TSX Venture Exchange, Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Contact
Torque Energy Inc. Brian E. Bayley, President & CEO 604.689.1428 604.681.4692 (FAX)
Torque Energy Inc. David C. Nelms, Chief Financial Officer 519.433.7710 519.433.7588 (FAX) www.torqueenergy.com
Dundee Energy Limited Jaffar Khan, President & CEO (403) 264-4985 (403) 262-8299 (FAX) www.dundee-energy.com
Für den Inhalt des Beitrages ist allein der Autor verantwortlich bzw. die aufgeführte Quelle. Bild- oder Filmrechte liegen beim Autor/Quelle bzw. bei der vom ihm benannten Quelle. Bei Übersetzungen können Fehler nicht ausgeschlossen werden. Der vertretene Standpunkt eines Autors spiegelt generell nicht die Meinung des Webseiten-Betreibers wieder. Mittels der Veröffentlichung will dieser lediglich ein pluralistisches Meinungsbild darstellen. Direkte oder indirekte Aussagen in einem Beitrag stellen keinerlei Aufforderung zum Kauf-/Verkauf von Wertpapieren dar. Wir wehren uns gegen jede Form von Hass, Diskriminierung und Verletzung der Menschenwürde. Beachten Sie bitte auch unsere AGB/Disclaimer!
LONDON, ONTARIO -- (Marketwire - Aug. 2, 2011) - Torque Energy Inc. (TSX VENTURE:TQE) (Torque) and Dundee Energy Limited (TSX:DEN) (Dundee Energy) advise that the amalgamation of Torque with a subsidiary of Dundee Energy (formerly called Eurogas Corporation) became effective today and Torque has become a wholly-owned subsidiary of Dundee Energy. It is expected that Torque's shares will be delisted from the TSX Venture Exchange on Thursday, August 4, 2011.
