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EER Enterprise Energy Resources Ltd.

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Share Name Share Symbol Market Type
Enterprise Energy Resources Ltd. TSXV:EER TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Enterprise Shareholders Approve Acquisition by LNG Energy Ltd.

14/08/2013 12:12am

Marketwired Canada


Enterprise Energy Resources Ltd. (TSX VENTURE:EER) ("Enterprise" or the
"Company") is pleased to announce that the acquisition of Enterprise by LNG
Energy Ltd. (TSX VENTURE:LNG) ("LNG") was approved at Enterprise's annual
general and special meeting of shareholders today. The acquisition of Enterprise
by LNG through a court-approved plan of arrangement (the "Arrangement") under
the Business Corporations Act, British Columbia, was announced on June 25, 2013.
Under the terms of the Arrangement, each Enterprise Share will be exchanged for
5 common shares in the capital of LNG. The transaction is subject to final
regulatory and court approvals.


Full details on the transaction can be found in Enterprise's management
information circular dated July 5, 2013, which is available on SEDAR
(www.sedar.com) under Enterprise's SEDAR profile. Subject to customary
regulatory approval, Enterprise expects the transaction to be completed on
August 20, 2013.


About Enterprise

Enterprise is a Canadian exploration and development company with oil and gas
properties in Montana, USA and Papua New Guinea. Enterprise holds a 15.75%
interest in Telemu No. 18 Limited which holds a 20% interest in PPL 319 and 100%
interest in PPLs 320, 321 and 322 in Papua New Guinea. Enterprise also holds a
100% working interest (80% net revenue interest) in approximately 13,000 net
mineral acres of oil and gas leases in Daniels and Sheridan Counties located in
north east Montana as well as a 100% working interest (79% net revenue interest)
in approximately 46,700 net acres of oil and gas leases in Cascade County, in
western Montana. Further information is available under the Company's profile at
www.sedar.com.


ENTERPRISE ENERGY RESOURCES LTD.

Geoff Carrington, President & CEO

Neither 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 release


Cautionary Note Regarding Forward-Looking Statements

Statements contained in this news release that are not historical facts
constitute "forward-looking statements" or "forward-looking information" within
the meaning of applicable securities laws and are based on expectations,
estimates and projections as of the date of this release. Forward-looking
statements include, without limitation, possible events, statements with respect
to the Arrangement. The words "is expected" or "estimates" or variations of such
words and phrases or statements that certain actions, events or results "may" or
"could" occur and similar expressions identify forward-looking statements.
Forward-looking statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by Enterprise as of the date of
such statements, are inherently subject to significant business, economic and
competitive uncertainties and contingencies. Known and unknown factors could
cause actual results to differ materially from those projected in the
forward-looking statements. Such factors include the failure of Enterprise to
obtain the necessary approvals for the Arrangement and any other factors that
may cause the Arrangement not to be completed. Many of these factors could cause
actual results to differ materially from those expressed or implied in any
forward-looking statements made by, or on behalf of, Enterprise in this release.
There can be no assurance that forward-looking statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Forward-looking statements are provided for the
purpose of providing information about management's expectations and plans
relating to the future. All statements are made as of the date of this news
release and, except as required by law, the Company is under no obligation to
update or alter any forward-looking information.


Shares Outstanding: 47,726,795 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Enterprise Energy Resources Ltd.
Investor Relations
1-604-639-4672
info@eerl.ca
www.eerl.ca

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