Unx Energy Corp Com (TSXV:UNX)
Historical Stock Chart
From Jun 2019 to Jun 2024
CALGARY, April 11 /CNW/ --
CALGARY, April 11 /CNW/ - UNX Energy Corp. (TSX-V: UNX) ("UNX", or
"Company"), an emerging oil and gas company with interests in offshore
Namibia, announces that a Management Information Circular outlining the
proposed transaction with HRT Participações em Petróleo S.A. ("HRT")
was mailed on April 6(th), 2011 to all shareholders of record as of the close of business on
Thursday March 31(st), 2011. The Special Meeting for the proposed transaction will occur on
April 27(th), 2011, at the offices of McCarthy Tétrault LLP, Suite 3300, 421 - 7(th) Avenue S.W. Calgary, Alberta at 9:00 a.m. (Mountain Standard Time).
UNX would like to highlight an important change with respect to the
proposed transaction. The Brazilian tax on securities transactions
(IOF securities tax) that was originally calculated and announced on
February 24(th), 2011 as being 1.88% resulting in a net share ratio of 0.005474 UNX
common shares per HRT common share has now been confirmed at 1.5%.
This results in an effective increase in the net share ratio to
0.005495 HRT common shares for each UNX common share.
The Company also announced that UNX and HRT will conduct investor
meetings in the following cities: Houston, Texas, on April 12(th), New York, New York, on April 13(th), Toronto, Ontario, on April 14(th), and London, England, on April 15(th). UNX and HRT will be showcasing the strategic merits of the proposed
transaction between UNX and HRT, in addition to updating investors on
other corporate activity in both Namibia and Brazil.
Both the Management Information Circular and the Notice of Meeting are
available on the Company's website at www.unxenergy.com and are filed on SEDAR at www.sedar.com. UNX recommends that readers refer to the documents in their entirety
as they contain all of the pertinent details relating to the proposed
transaction.
About UNX Energy Corp.
UNX Energy Corp. is a junior, independent oil and gas company, focused
on exploration for crude oil in offshore Namibia, Africa. Headquartered
in Calgary, Alberta, Canada, UNX's asset base consists of approximately
51,000 square kilometres (approximately 32,000 net) of offshore
acreage, strategically located along the prolific South Atlantic
Margin. Development of these highly prospective blocks is being
advanced by an experienced management team, qualified technical staff
and strong in-country relationships. UNX employs strategic technical
expertise to optimize the probability of exploration success in the
region. UNX is committed to conducting its business in a socially and
environmentally responsible manner, ultimately working towards the goal
of sustainable development in Namibia's oil and gas sector for the
benefit of all stakeholders.
About HRT Participações em Petróleo S.A.
HRT Participações em Petróleo S.A. is one of the largest independent oil
and gas exploration and production companies in Brazil. The HRT Group
comprises three main subsidiaries: HRT O&G Exploração e Produção de
Petróleo Ltda., IPEX (Integrated Petroleum Expertise Company Serviços
em Petróleo Ltda.) and HRT Netherlands B.V. The Company retains a 55%
interest in 21 exploratory blocks in the Solimões Basin. HRT also
operates five exploratory blocks on the Namibian coast. The Company
retains a 100% interest in two of them, in the Walvis Sub-basin, and a
40% interest in the other three, in the Orange Subbasin. HRT's team
includes PhDs and masters in geochemistry, geophysics, biology and
engineering, most of them former employees of Petrobras and ANP
(Brazil's petroleum agency). HRT is committed to minimizing any
possible environmental impacts in the sites where it acts. Its
commitment with the local communities is towards health conditions,
security and quality of life. For more information, please visit the
Company's website: www.hrt.com.br/ir
On Behalf of the Board of Directors
of UNX Energy Corp.
Duane Parnham
Chairman
For further information visit our website at www.unxenergy.com
Sedar Profile #00016276
Forward Looking Information
This document contains forward-looking information and statements. All
information and statements other than statements of historical fact
contained in this document are forward-looking information and
statements, including, without limitation, statements regarding the
transaction, future financial position, business strategy, proposed
acquisitions or dispositions, budgets, litigation, projected costs and
plans and objectives of or involving UNX or HRT. Securityholders can
identify many of these statements by looking for words such as
"believe", "expects", "intends", "projects", "anticipates",
"estimates", "continues" or similar words suggesting future outcomes or
statements regarding an outlook or the negative thereof. These
forward-looking statements may include, but are not limited to,
statements with respect to: the transaction, business strategy and
objectives, exploration plans, development plans, acquisition and
disposition plans and the timing thereof, the timing of various steps
in the transaction, and the satisfaction of listing conditions. There
can be no assurance that the plans, intentions or expectations upon
which these forward-looking statements are based will occur.
Forward-looking information and statements are subject to risks,
uncertainties and assumptions, including those discussed in the
Management Information Circular of UNX dated April 1, 2011 (the
"Circular"), which readers of this document are urged to read in its
entirety. Although UNX believes that the expectations represented in
such forward-looking information and statements are reasonable, there
can be no assurance that such expectations will prove to be correct.
Some of the risks which could affect future results and could cause
results to differ materially from those expressed in the
forward-looking information and statements contained herein include:
the impact of general economic conditions, industry conditions,
securityholder and court approval of the transaction, governmental
regulation including the timely receipt of required regulatory
approvals, volatility of commodity prices and other matters beyond the
control of UNX. Readers are cautioned that the foregoing list is not
exhaustive. Forward-looking statements or information are based on
current expectations, estimates and projections that involve a number
of risks and uncertainties which could cause actual results to differ
materially from those anticipated by UNX and described in the
forward-looking statements or information.
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 release.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/April2011/11/c2925.html
table border="0" tr td Gabriel Ollivier, President & CEObr/ Telephone: (403) 984-6430br/ Email: a href="mailto:gabriel.ollivier@unxenergy.com"gabriel.ollivier@unxenergy.com/a /td td /td td /td td /td td /td td /td td David Feick, Investor Relationsbr/ phone: (403) 218-2839br/ Email: a href="mailto:dfeick@equicomgroup.com"dfeick@equicomgroup.com/a /td /tr /table