/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS./
CALGARY,
March 4, 2014 /CNW/ - (TSX
Venture: WX) — Wrangler West Energy Corp.
("Wrangler" or the "Company") announces the results
of its special meeting (the "Meeting") of the holders
("Wrangler Shareholders") of common shares of Wrangler
("Shares"), held March 4, 2014
to consider and vote on a proposed amalgamation whereby Wrangler
and 981443 Alberta Ltd., a wholly-owned subsidiary of Trident
Exploration Corp. ("Trident"), will amalgamate under the
Business Corporations Act (Alberta) (the "Amalgamation"), and
Wrangler shareholders (other than dissenting shareholders) will
receive cash consideration of $0.2552
per Share.
By special resolution passed at the Meeting, the
Amalgamation was approved by 89.50 percent of the votes cast by
Wrangler Shareholders, and 83.85 percent of the votes cast by the
holders of Shares excluding Shares beneficially owned or over which
control or direction is exercised by such persons whose votes may
not be included in determining minority approval pursuant to
Multilateral Instrument 61-101 - Protection of Minority Security
Holders in Special Transactions.
Wrangler anticipates the Amalgamation will close on
March 5, 2014. Thereafter, Wrangler
will seek delisting of the Shares from the TSX Venture
Exchange.
Wrangler is a Canadian junior crude oil and natural
gas producer which explores for and develops natural gas and crude
oil production assets in the Province of Alberta. Since inception, the Company's
mandate was to use the drill bit to add shareholder value.
Reader Advisories
Forward-Looking Statements: This news release
contains forward-looking statements and forward-looking information
within the meaning of applicable securities laws. The use of any of
the words "expect", "anticipate", "continue", "estimate",
"objective", "ongoing", "may", "will", "project", "should",
"believe", "plans", "intends" and similar expressions are intended
to identify forward-looking statements or information. More
particularly and without limitation, this news release contains
forward-looking statements and information concerning: the ability
of Wrangler and Trident to satisfy the other conditions to, and to
complete, the Amalgamation; and the anticipated timing of the
closing of the Amalgamation.
In respect of the forward-looking statements and
information concerning the anticipated completion of the proposed
Amalgamation and the anticipated timing for completion of the
Amalgamation, Wrangler has provided such in reliance on certain
assumptions it believes are reasonable at this time, including
assumptions as to the ability of the parties to satisfy, in a
timely manner, the conditions to the closing of the Amalgamation.
These dates may change for a number of reasons, including the need
for additional time to satisfy the conditions to the completion of
the Amalgamation. Accordingly, readers should not place undue
reliance on the forward-looking statements and information
contained in this news release concerning these times.
Risks and uncertainties inherent in the nature
of the Amalgamation include the failure of Wrangler or Trident to
satisfy the conditions to the Amalgamation, in a timely manner, or
at all. The failure of Wrangler or Trident to satisfy the
conditions to the Amalgamation, may result in the Amalgamation not
being completed on the proposed terms, or at all. In addition, the
failure of Wrangler to comply with the terms of the Amalgamation
Agreement may result in Wrangler being required to pay a
non-completion fee to Trident, the result of which could have a
material adverse effect on Wrangler's financial position and
results of operations and its ability to fund growth prospects and
current operations.
Readers are cautioned that the foregoing list of
factors is not exhaustive. Additional information on other factors
that could affect the operations or financial results of Wrangler
are included in reports on file with applicable securities
regulatory authorities and which may be accessed on Wrangler's
SEDAR profile at www.sedar.com. The forward-looking statements and
information contained in this news release are made as of the date
hereof and Wrangler undertakes no obligation to update publicly or
revise any forward-looking statements or information, whether as a
result of new information, future events or otherwise, unless so
required by applicable securities laws
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
SOURCE Wrangler West Energy Corp.