Waterous Energy Fund Announces Successful Take-Over Bid for Osum Oil Sands Corp., Commencement of Mandatory 10-Day Tender Extension Period, and Voluntary Resignation of Osum Directors and Officers
WEF") and its subsidiary WEF Osum Acquisition Corp. (the " Offeror") are pleased to announce that each of the conditions to the offer dated November 4, 2020, as amended, to acquire up to 57,000,000 common shares (" Osum Shares") of Osum Oil Sands Corp. (" Osum") at a price of $3.00 per share (the " Offer") have been satisfied, including the condition prescribed by applicable securities laws that more than 50% of the Osum Shares not owned by WEF be tendered to the Offer. A total of 45,747,068 Osum Shares were deposited and not withdrawn at the initial expiry time under the Offer, representin...
Source: prnewswire.com