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WX Wrangler West Energy Corp

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Share Name Share Symbol Market Type
Wrangler West Energy Corp TSXV:WX 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 -

Wrangler West Energy Corp. Announces Completion of Acquisition by Trident Exploration Corp.

05/03/2014 11:11pm

Marketwired Canada


Wrangler West Energy Corp. (TSX VENTURE:WX) ("Wrangler" or the "Company")
announces the completion of its previously announced acquisition by Trident
Exploration Corp. ("Trident") through the amalgamation of 981443 Alberta Ltd.
("981443"), a wholly-owned subsidiary of Trident, with Wrangler under the
Business Corporations Act (Alberta) (the "Amalgamation") to form Trident
Exploration (WX) Corp. ("Amalco"). 


As a result of the Amalgamation, and in accordance with the amalgamation
agreement dated January 20, 2014 among Wrangler, Trident and 981443, each common
share of Wrangler previously held by Wrangler shareholders (other than
dissenting shareholders) was converted into one redeemable preferred share of
Amalco and redeemed by Amalco. Pursuant to the redemption, former shareholders
of Wrangler are entitled to cash proceeds of $0.2552 per redeemable preferred
share, without interest. 


Full particulars of the Amalgamation and subsequent redemption of the redeemable
preferred shares of Amalco are described in the management information circular
mailed to shareholders of Wrangler dated February 3, 2014 (the "Circular"), a
copy of which is available on the SEDAR website at www.sedar.com.  The Circular
and letter of transmittal available on the SEDAR website contain instructions
for shareholders to receive the consideration payable to them in connection with
the Amalgamation and redemption.


Holders should consult their own tax advisors with respect to the income tax
consequences to them of the above noted transactions.


The common shares of Wrangler are expected to be delisted from and no longer
traded on the TSX Venture Exchange as soon as possible, in accordance with the
rules and policies of the TSX Venture Exchange.


Wrangler will also apply to cease to be a reporting issuer under applicable
Canadian securities laws, subject to the satisfaction of applicable regulatory
requirements.


Reader Advisories 

Forward-Looking Statements: This press 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 press release contains forward-looking statements and
information concerning the anticipated timing for de-listing the common shares
of Wrangler from the TSX Venture Exchange and submission of an application for
Wrangler to cease to be a reporting issuer. 


Wrangler has provided such forward-looking statements and information in
reliance on certain assumptions that it believes are reasonable at this time,
including assumptions as to the ability of Wrangler to fulfil all conditions
necessary to de-list and to cease to be a reporting issuer. The dates reflected
in the forward-looking statements and information may change for a number of
reasons, including the need for additional time to satisfy the conditions to
de-list and cease to be a reporting issuer. Accordingly, readers should not
place undue reliance on the forward-looking statements and information contained
in this news release concerning these times.


Although Wrangler believes that the expectations reflected in such
forward-looking statements and information are reasonable, it can give no
assurance that such expectations will prove to be correct. Since forward-looking
statements and information address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Actual results may differ
materially from those currently anticipated due to a number of factors and
risks. These include, but are not limited to failure to obtain necessary
approvals or otherwise fulfill all conditions necessary to de-list and cease to
be a reporting issuer and legislative or regulatory changes. Readers are
cautioned that the foregoing list of factors is not exhaustive.


The forward-looking statements and information contained in this news release
are made as of the date hereof for the purpose of providing the readers with
Wrangler's expectations in respect of the de-listing of Wrangler's common shares
and Wrangler ceasing to be a reporting issuer. The forward-looking statements
and information may not be appropriate for other purposes. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Wrangler West Energy Corp.
Todd Dillabough
President & Chief Executive Officer
403-770-0333


Wrangler West Energy Corp.
Alan Withey
Chief Financial Officer
403-770-0333

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