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Monday, 08 September, 2008, 18:10 GMT | more prices >>

TriStar and Real get shareholder nods



By Upstream staff 

Calgary minnows TriStar Oil & Gas and Real Resources said their shareholders had approved plans for their merger.

The companies said 92% of TriStar shareholders and 97% of Real shareholders had backed plans for a merged entity, which would continue to trade under the name TriStar.

Under the deal, each TriStar shareholder will receive 0.4762 shares in Real for every TriStar held, while Real shareholders will get one share of TriStar for every share held.

The proposed merger must now be approved by Alberta’ Court of Queen’s Bench, with the deal expected to be finalised by 16 August.


Thursday, 02 August, 2007, 18:18 GMT  | last updated: Friday, 03 August, 2007, 07:38 GMT

Teaming up: Canada's TriStar Oil & Gas and Real Resources
 

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