Endev Energy Inc.

Endev Energy Inc.

June 25, 2008 16:14 ET

Endev Announces Mailing of Information Circular and Proxy Statement With Respect to Plan of Arrangement

CALGARY, ALBERTA--(Marketwire - June 25, 2008) - Endev Energy Inc. ("Endev") (TSX:ENE) is pleased to announce that the information circular and proxy statement (the "Information Circular") with respect to the previously announced acquisition by Penn West Energy Trust of all of the outstanding shares of Endev was mailed on June 23, 2008 to Endev shareholders of record on June 20, 2008. The acquisition will be effected by way of a plan of arrangement (the "Arrangement"). The Information Circular contains a detailed description of the Arrangement and is available on SEDAR (www.sedar.com) as well as on the Endev website (www.endevenergy.com). The special meeting of the shareholders of Endev to vote on the Arrangement will be held on Monday, July 21, 2008 at 10:00 a.m. (Calgary time) (the "Meeting"). The Meeting will be held in the Viking Room at the Calgary Petroleum Club, 319 - 5th Avenue SW, Calgary, Alberta.

The Arrangement is expected to be completed on or about July 22, 2008. Completion of the Arrangement is subject to, among other conditions, the approval of the Court of Queen's Bench of Alberta, receipt of all necessary regulatory approvals, the approval by at least 66 2/3 of the votes cast by Endev shareholders who vote at the Meeting and approval by a majority of the votes cast by Endev shareholders after excluding votes cast by persons whose votes may not be included in determining minority approval of a business combination pursuant to Multilateral Instrument 61-101.

Endev shareholders are encouraged to vote in person or by proxy at the Meeting.

Contact Information

  • Endev Energy Inc.
    Cameron MacGillivray
    President and CEO
    (403) 750-2600 or Toll Free: 1-888-750-2677
    Endev Energy Inc.
    Scott Bonli, C.A.
    Vice President, Finance and CFO
    (403) 750-2600 or Toll Free: 1-888-750-2677
    Email: info@endevenergy.com
    Website: www.endevenergy.com