Business News • MarketWire • GFG and Crest Shareholders Approve Reverse Take-Over Transaction |
GFG and Crest Shareholders Approve Reverse Take-Over Transaction |
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GFG and Crest Shareholders Approve Reverse Take-Over Transaction
SASKATOON, SK--(Marketwired - October 14, 2016) - GFG Resources Inc. ("GFG" and or the "Company") and Crest Petroleum Corp. (TSX VENTURE: CTP.H) ("Crest") are pleased to announce the receipt of the required shareholder approvals for the previously announced plan of arrangement (the "Arrangement"). On closing of the Arrangement, Crest will acquire 100% of the issued and outstanding securities of GFG in exchange for like securities of Crest on a one for one basis that will result in a reverse take-over and change of control of Crest by the shareholders of GFG.
View More : http://www.marketwired.com/mw/release.do?id=2166812&sourceType=3
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