CALGARY, Alberta, Nov. 15, 2019 (GLOBE NEWSWIRE) — Pengrowth Energy Corporation (“ Pengrowth ” or the “ Company ”) (TSX:PGF, OTCQX:PGHEF) today announced that it has obtained an interim order (the “ Interim Order “) from the Court of Queen’s Bench of Alberta in connection with its previously announced business combination with Cona Resources Ltd. (the “ Purchaser ”), a portfolio company of Waterous Energy Fund, by way of a plan of arrangement (the “ Arrangement ”) under the Business Corporations Act (Alberta). As previously disclosed, pursuant to the Arrangement, the Purchaser will: (a) acquire all of the outstanding common shares (“the “ Shares ”) in the capital of the Company; and (b) make a cash payment in satisfaction of outstanding secured indebtedness (the “ Secured Indebtedness ”) of the Company under the Company’s secured notes and credit facility. The Interim Order, among other things, authorizes Pengrowth to call and hold the meetings (the “ Meetings “) of the holders (“ Shareholders ”) of the Shares and the holders (“ Secured Debtholders ”) of the Secured Indebtedness, respectively, to approve the Arrangement. The Meetings are scheduled to be held on December 18, 2019 at Livingston Place (South Tower) in […]
