ARC and Seven Generations agreed to combine their respective businesses and entered into a business combination agreement dated
ARC and Seven Generations Special Shareholder Meetings
Special meetings for shareholders of record at the close of business on
The Seven Generations virtual meeting will be held at
How to Vote
All shareholders are encouraged to vote in person (virtually) or by proxy. Details on how to vote and how to participate in the live webcasts are available in the Circular.
The completion of the Business Combination is subject to, among other things, (i) the approval of the Business Combination by not less than 66 ⅔ per cent of the votes cast by Seven Generations shareholders at the Seven Generations virtual meeting, (ii) the approval of the issuance of ARC common shares pursuant to and in connection with the Business Combination by a simple majority of the votes cast by ARC shareholders at the ARC virtual meeting, (iii) the approval of the
About the Business Combination
The Business Combination is expected to be completed on or about
The Circular has been filed on each company's SEDAR profile at www.sedar.com and is available on ARC's website at www.arcresources.com and on Seven Generations' website at www.7Genergy.com.
Forward-looking Information and Statements
This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of the words "expect," "may," "will," and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the foregoing, this news release contains forward-looking information pertaining to the following: the expected mailing of meeting materials to ARC and Seven Generations shareholders, the timing and conduct of the virtual meetings, the timing and completion of the Business Combination, the operations and headquarters of the combined company, and other statements.
The forward-looking information and statements contained in this news release reflect several material factors, expectations, and assumptions of ARC and Seven Generations, including, without limitation that the ARC and Seven Generations meetings will be conducted as planned; the continuation of the COVID-19 pandemic, and restrictions on public gatherings; the ability of ARC and Seven Generations to obtain all required shareholder and regulatory approvals in a timely manner; the ability of ARC and Seven Generations to satisfy all conditions to closing of the Business Combination; and the characteristics of the combined company.
The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such information and statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements including, without limitation: the risk that the mailing and delivery of meeting materials may be delayed, the risk that the required approvals will not be obtained, and the risk that the Business Combination will not be completed as expected.
The forward-looking information and statements contained in this news release speak only as of the date of this news release, and neither ARC nor Seven Generations assumes any obligation to publicly update or revise such information or statements to reflect new events or circumstances, except as may be required pursuant to applicable laws.
About the Companies
Contact Information
Senior Vice President and CFO
403-503-8675
KBibby@arcresources.com
Investor Relations Analyst
403-509-7280
MWilmot@arcresources.com
Vice President, Capital Markets and Stakeholder Engagement
403-767-0752
BNewmarch@7Genergy.com
Director, Investor Relations
403-718-0709
Ryan.Galloway@7Genergy.com
SOURCE
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