Nov 9 (Reuters) - Husky Energy Inc HSE.TO :
* HEADWATER EXPLORATION INC - ENTERED INTO A DEFINITIVE AGREEMENT WITH CENOVUS ENERGY
* HEADWATER EXPLORATION INC - TO ACQUIRE 100% OF CENOVUS' ASSETS IN MARTEN HILLS AREA OF ALBERTA FOR APPROXIMATELY $100 MILLION
* HEADWATER EXPLORATION - WILL ACQUIRE 100% WORKING INTEREST IN ABOUT 2,800 BPD OF MEDIUM OIL PRODUCTION AND 270 NET SECTIONS OF CLEARWATER RIGHTS
* HEADWATER EXPLORATION INC - UPON CLOSING OF TRANSACTION, CENOVUS WILL OWN APPROXIMATELY 26% OF BASIC COMMON SHARES OF COMPANY
* HEADWATER EXPLORATION INC - UPON CLOSING OF TRANSACTION, CENOVUS WILL BE ENTITLED TO APPOINT TWO NOMINEES TO BOARD
* HEADWATER EXPLORATION - CENOVUS CAN PARTICIPATE IN FUTURE EQUITY FINANCINGS BASED ON PRO RATA OWNERSHIP LEVEL AS LONG AS IT HOLDS 20% OR CO'S SHARES
* HEADWATER EXPLORATION INC QTRLY LOSS PER SHARE 1 CENT