Bulldog Resources Inc.
TSX : BD

Bulldog Resources Inc.

January 10, 2008 17:56 ET

Bulldog Resources Inc. Obtains Interim Order and Announces Shareholder Meeting

CALGARY, ALBERTA--(Marketwire - Jan. 10, 2008) - Bulldog Resources Inc. ("Bulldog") (TSX:BD) is pleased to announce that it has obtained an Interim order of the Court of Queen's Bench of Alberta providing for, among other things, the holding of a meeting of the shareholders of Bulldog to approve the previously announced arrangement under the Business Corporations Act (Alberta) (the "Arrangement") with TriStar Oil & Gas Ltd. ( "TriStar"). A special meeting of the holders of Bulldog common shares ( the "Bulldog Shareholders") will be held in respect of the Arrangement in the Strand Room at the Metropolitan Conference Centre, 333- 4 Avenue Southwest, Calgary, Alberta on Wednesday February 6, 2008 at 9:00 a.m. ( Calgary time).

Bulldog will mail an Information Circular and Proxy Statement respecting the meeting to the Bulldog Shareholders on January 10, 2008. Following this mailing, the Information Circular and Proxy Statement will be available for viewing electronically under Bulldog's profile on SEDAR at www.sedar.com.

Pursuant to the Arrangement, TriStar will issue 0.59 common shares of TriStar for each Bulldog common share. The completion of the Arrangement is subject to certain conditions, including the approval of the Bulldog Shareholders, the final approval of the Court of Queen's Bench of Alberta and all applicable regulatory approvals. If all necessary approvals are obtained and the conditions to the completion of the Arrangement are satisfied or waived, Bulldog anticipates that the Arrangement will become effective on or about February 7, 2008.

Tristone Capital Inc. has provided the Board of Directors of Bulldog with a written opinion that, as at January 4, 2008, it is of the opinion that the consideration to be received by Bulldog Shareholders under the Arrangement is fair, from a financial point of view, to the Bulldog Shareholders.

Bulldog's Board of Directors has unanimously determined that the Arrangement is in the best interests of Bulldog and its shareholders. The Board of Directors unanimously recommends that the Bulldog Shareholders vote to approve the Arrangement at the shareholders meeting planned for February 6, 2008.

FORWARD LOOKING STATEMENT

Certain statements included in this press release constitute forward-looking statements under applicable securities legislation. Forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", or similar words suggesting future outcomes or statements regarding an outlook. More particular this press release contains a statement concerning the anticipated date for the completion of the Arrangement. This completion date relies on certain assumptions that Bulldog believes are reasonable at this time, including assumptions as to the timing of receipt of the necessary shareholder approval, regulatory and court approvals and the necessary conditions to the completion of the Arrangement. These dates may change for a number of reasons, including the inability to secure necessary shareholder, regulatory or court approvals in the time needed or the need for additional time to satisfy the conditions of the Arrangement. The Arrangement may be completed later then stated or not at all.

Such forward-looking statements are based on a number of assumptions which may prove to be incorrect. Although Bulldog believes that the expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements because Bulldog can give no assurance that such expectations will prove to be correct. The forward looking statements contained in this press release are made as of the date hereof and Bulldog undertakes no obligation to update publicly or revise any forward looking statement or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Bulldog Resources Inc.
    Ken McKay
    President & CEO
    (403) 266-6902
    or
    Bulldog Resources Inc.
    Rob Kraft
    Chief Financial Officer
    (403) 266-6902
    or
    Bulldog Resources Inc.
    Suite 805, 734 - 7th Avenue S.W.
    Calgary, AB, T2P 3P8
    (403) 266-6902
    (403) 264-7470 (FAX)
    Email: info@bulldogresources.ca
    Website: www.bulldogresources.ca