June 24, 2016 / 3:17 PM / in a year

BRIEF-Twin Butte Energy and Reignwood Resources announce plan of arrangement

June 24 (Reuters) -

* Twin Butte Energy Ltd. and Reignwood Resources Holding Pte. Ltd. jointly announce plan of arrangement

* Reignwood Resources Holding to acquire all of outstanding common shares of Twin Butte for cash consideration of $0.06 per share

* Says purchaser is a partnership of Reignwood Group and Horizon Holding Group

* Purchaser has reached agreement with Twin Butte’s senior secured lenders with respect to terms and conditions of a new credit facility

* Twin Butte Energy Ltd says upon closing of transaction, Twin Butte shares and debentures will be de-listed from Toronto Stock Exchange Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +1 646 223 8780)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below