The merger implementation deed will involve the acquisition of all of the ordinary shares and listed options in Elk through a scheme of arrangement which will offer Metgasco shares and options as a consideration.
Elk shareholders will receive 0.67 Metgasco shares for each Elk share held.
After the deal is finalized, Elk shareholders will hold about 23% of the merged company, while Metgasco shareholders will own about 77%.
The
