CALGARY, ALBERTA--(Marketwired - Dec 15, 2015) - Rock Energy Inc. (TSX:RE) ("Rock" or the "Company") has initiated a full public process to identify and examine strategic alternatives for the purpose of preserving and enhancing shareholder value. Such strategic alternatives may include, but are not limited to, a corporate sale, merger or other business combination, the sale of all or a material portion of Rock's assets, a reorganization, recapitalization or restructuring of Rock or any combination of the foregoing.
Although not initiated in response to any specific proposal, the board of directors of the Company determined to initiate the strategic review process after receiving a number of recent inquiries from other oil and gas companies, and major shareholders. FirstEnergy Capital Corp and Dundee Securities Ltd. have been retained by Rock to act as its financial advisers in connection with this comprehensive review and analysis of strategic alternatives.
It is the Company's intention not to disclose developments with respect to the strategic review process until the board of directors has approved a specific transaction or otherwise determines that disclosure is necessary or appropriate. Rock cautions that there are no assurances or guarantees that the process will result in a transaction and that, if a transaction is undertaken, no assurances or guarantees may be given with respect to the type, terms or timing of such a transaction.
Contact
Rock Energy Inc. Allen J. Bey President and Chief Executive Officer 403.218.4380 Rock Energy Inc. Todd Hirtle Vice President Finance and Chief Financial Officer 403.218.4380
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