Montana Exploration Corp. to Acquire Waldron Energy Corporation to Form a Diversified Junior Development and Exploration Company
Montana Exploration Corp. (“Montana”) and Waldron Energy Corporation (“Waldron”) are pleased to announce that they have entered into an arrangement agreement (the “Arrangement Agreement”) pursuant to which Montana will acquire all of the issued and outstanding common shares of Waldron (the "Arrangement"). Under the Arrangement, shareholders of Waldron may elect to receive: (a) 1.8 common shares of Montana for each Waldron share held (a “Waldron Share”); or (b) $0.45 cash for each Waldron Share held; or (c) a combination of...
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