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SOQDQ Sonde Resources Corporation (CE)

0.000001
0.00 (0.00%)
04 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Sonde Resources Corporation (CE) USOTC:SOQDQ OTCMarkets 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% 0.000001 0.00 00:00:00

Sonde Resources Corp. Announces Completion of Marquee Arrangement

31/12/2013 12:55pm

Marketwired


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Sonde Resources Corp. Announces Completion of Marquee Arrangement

CALGARY, ALBERTA--(Marketwired - Dec 31, 2013) - Sonde Resources Corp. ("Sonde") (TSX:SOQ)(NYSEMKT:SOQ) announced today that it has received the requisite shareholder and court approval for its previously announced plan of arrangement (the "Arrangement") with Marquee Energy Ltd. and that the Arrangement has now been completed.

Pursuant to the Arrangement, Marquee acquired substantially all of the Western Canada assets of Sonde, including all of its Southern Alberta properties (the "Assets"). The Assets are primarily located in Marquee's core area at Michichi, Alberta immediately offsetting Marquee's lands and production. Pursuant to the Arrangement, Sonde received 21,182,492 common shares of Marquee (the "Marquee Shares") plus $15 million cash. The Marquee Shares were distributed to Sonde's shareholders in accordance with the terms and conditions of the Arrangement. Sonde retained the cash received.

Sonde Resources Corp.Rene BeaumierChief Financial Officer(403) 503-7931(403) 216-2374www.sonderesources.com

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