Brief: Tenaz Energy Corp Announces Agreement To Acquire Shares Of SDX Energy In An All-Share Transaction

Tenaz Energy

25/05/2022 07:06

May 25 (Reuters) - Tenaz Energy Corp  TNZ.TO :
    * ANNOUNCES AGREEMENT TO ACQUIRE THE SHARES OF SDX ENERGY
PLC IN
AN ALL-SHARE TRANSACTION
    * SDX SHAREHOLDERS WILL RECEIVE 0.075 COMMON SHARES OF TENAZ
FOR
EACH SDX SHARE HELD, VALUING SDX AT $34.3MM
    * TENAZ ENERGY- TRANSACTION IS 141% ACCRETIVE TO TENAZ ON
PRODUCTION PER SHARE BASED ON MID-POINTS OF 2022 PRODUCTION
GUIDANCE FOR EACH OF TENAZ AND SDX
    * FOLLOWING COMPLETION, EXISTING TENAZ SHAREHOLDERS WILL OWN
ABOUT
64% OF ISSUED & OUTSTANDING SHARES OF THE COMBINED CO
    * ALL FIGURES ARE IN C$

Source text for Eikon:  ID:nCNWmq4Lza 
Further company coverage:  TNZ.TO 

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