Raven Energy Ltd.
TSX VENTURE : RVL

Raven Energy Ltd.

June 06, 2006 17:35 ET

Raven Energy Ltd. Announces Approval of Plan of Arrangement

CALGARY, ALBERTA--(CCNMatthews - June 6, 2006) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR THE DISSEMINATION IN THE UNITED STATES.

Raven Energy Ltd. (TSX VENTURE:RVL) ("Raven") is pleased to announce that Raven shareholders and the Alberta Court of Queen's Bench have approved a plan of arrangement providing for the acquisition of all of the issued and outstanding common shares of Raven by TriStar Oil & Gas Ltd. ("TriStar"). The details of the arrangement are described in the Management Information Circular of Raven dated May 8, 2006. 18,018,326 votes representing 99.99% of the Raven common shares voted at the special meeting held on June 6, 2006 were voted in favour of the arrangement. A majority of the minority shareholders of Raven also voted in favour of the arrangement.

Raven and TriStar intend to file articles of arrangement on June 7, 2006 on which date Raven will become a wholly owned subsidiary of TriStar and the former shareholders of Raven will receive, pursuant to their election and subject to adjustment, cash, shares of TriStar or a combination of cash and TriStar shares in exchange for their common shares of Raven.


The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Raven Energy Ltd.
    Laurie Smith
    President & Chief Executive Officer
    (403) 264-9058