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BRIEF-Twin Butte Energy and Reignwood Resources announce plan of arrangement

Published 2016-06-24, 11:12 a/m
© Reuters.  BRIEF-Twin Butte Energy and Reignwood Resources announce plan of arrangement
TBE
-

June 24 (Reuters) - TBE.TO
* Twin Butte Energy Ltd . and Reignwood Resources Holding
Pte. Ltd. jointly announce plan of arrangement
* Reignwood Resources Holding to acquire all of outstanding
common shares of Twin Butte for cash consideration of $0.06 per
share
* Says purchaser is a partnership of Reignwood Group and
Horizon Holding Group
* Purchaser has reached agreement with Twin Butte's senior
secured lenders with respect to terms and conditions of a new
credit facility
* Twin Butte Energy Ltd says upon closing of transaction,
Twin Butte shares and debentures will be de-listed from Toronto
Stock Exchange

Source text for Eikon: ID:nCNWDtsnga
Further company coverage: TBE.TO

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