Gulf Oil and Gas accountACCOUNT

Shell Canada Acquires 92.8% of BlackRock Ventures

Source: www.gulfoilandgas.com 5/16/2006, Location: North America

Share |
Shell Canada Limited announced today that approximately 99,778,511 common shares of BlackRock Ventures Inc. (TSX:BVI) have been validly deposited to the offer by BR Oil Sands Corporation, a wholly-owned subsidiary of Shell Canada, to acquire all of the common shares of BlackRock (including common shares issuable upon the exercise or surrender of any options or conversion of any convertible debentures). BR Oil Sands Corporation has taken up all such shares, which represent approximately 92.8% of the common shares of BlackRock on a fully-diluted basis, and will pay for such shares on June 21, 2006.

As a result of today's announcement, Shell Canada, through its wholly-owned subsidiary BR Oil Sands Corporation, has now declared its offer to acquire the common shares of BlackRock to be wholly unconditional.

BR Oil Sands Corporation has also extended its offer until 1:01 a.m. (Calgary time) on June 27, 2006 to allow BlackRock shareholders an additional opportunity to tender their shares, including shares issuable on the conversion of the convertible debentures, to its offer. A notice of extension will be mailed to BlackRock shareholders in the coming days.

Upon completion of a compulsory acquisition or subsequent acquisition transaction, BR Oil Sands Corporation intends to de-list the BlackRock shares from the Toronto Stock Exchange and cause BlackRock to apply to securities regulatory authorities to cease to be a reporting issuer. Shareholders are encouraged to tender their remaining BlackRock common shares, including shares issuable on the conversion of the convertible debentures, to the offer as soon as possible, and in any event prior to June 27, 2006, to receive prompt payment.

Oil & Gas Companies News in Canada >>

United States >>  5/25/2016 - BP has started up a major water injection project at its Thunder Horse platform, extending the production life of one of the biggest deepwater fields ...
Canada >>  5/22/2016 - Canada’s 2015 oil supply growth was lower than expected at 110 tb/d, down from 0.27 mb/d in 2014, to average 4.42 mb/d. Despite remarkable growth in o...

United States >>  5/19/2016 - Technip and FMC Technologies, Inc. announce that the companies will combine to create a global leader that will drive change by redefining the product...
Canada >>  5/17/2016 - Around 12,000 people have been urged to leave Canada's oil sands camps near the fire-hit town of Fort McMurray as a resurgent wildfire heads towards t...

United States >>  5/17/2016 - In April, preliminary data shows that US crude oil imports averaged 7.8 mb/d, broadly unchanged from last month and up by 606 tb/d from last year. On ...
United States >>  5/17/2016 - Apache Corporation announced that Cheri L. Peper, corporate secretary, plans to retire effective Aug. 5, 2016. Anthony Lannie, executive vice presiden...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Canada Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |

More News

 

Oil & Gas Companies in Canada >>


Related Links

CA US
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.