Montana Exploration Offers 45 Cents a Share for Waldron
Montana Exploration Corp. and Waldron Energy Corp. have entered into an arrangement agreement pursuant to which Montana will acquire all of the issued and outstanding common shares of Waldron. Under the arrangement, shareholders of Waldron may elect to receive: (a) 1.8 common shares of Montana for each Waldron share held; or (b) 45 cents cash for each Waldron share held; or (c) a combination of common shares of Montana and cash, subject to potential proration (as described below).
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