Cirrus Energy Corporation Press Release

Calgary, Alberta, Canada, February 1, 2011

Cirrus Energy Corporation ("Cirrus") announces today that it has entered into an Arrangement Agreement (the "Agreement") whereby Oranje-Nassau Energie B.V. ("ONE" or the "Purchaser"), will acquire Cirrus in a transaction valued at approximately C$102 million.

Under the terms of the Agreement, the Purchaser will acquire all of the issued and outstanding common shares of Cirrus at a price of C$1.15 per share in cash pursuant to a plan of arrangement (the "Transaction"). The parties to the Transaction are arm's length from one another

Go back
Panart Internetsolutions