Oil & Gas Companies: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

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 >>

Canada and Mexico Oil Supply - July 2015
Canada >>  8/1/2015 - Canada’s oil supply is expected to grow by 80 tb/d to average 4.39 mb/d in 2015 y-o-y, a downward revision of 0.06 mb/d from the previous month. Canad...
US Stock Movements - July 2015
United States >>  7/26/2015 - Preliminary data for June shows that total commercial oil stocks rose for the eighth consecutive month by 5.7 mb to stand at 1257.7 mb. At this level,...

CB&I Awarded EPC Contract for Louisiana Refinery
United States >>  7/23/2015 - CB&I has been awarded a contract valued in excess of $100 million by a major energy company for a Tier 3 clean fuels project. The scope of work at the...
SNC-Lavalin Awarded Keys Energy Project in Maryland
United States >>  7/22/2015 - SNC-Lavalin has been awarded an engineering, procurement and construction contract for the Keys Energy Center project, a 755-megawatt combined-cycle n...

OneSubsea Establishes Global Alliance with Subsea 7
United States >>  7/13/2015 - OneSubsea®, a Cameron and Schlumberger company, has signed an agreement establishing a worldwide non-incorporated alliance with Subsea 7 to jointly de...
US Forecast for 2015 Oil Supply – June 2015
United States >>  7/8/2015 - US total oil supply is anticipated to grow by 0.70 mb/d to average 13.56 mb/d in 2015, unchanged from the previous MOMR. US crude oil production reach...



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 |

More News

Oil & Gas Companies in Canada >>

Related Links

Countries Quick Links

CA US
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed