03:45 PM EST - Twin Butte Energy Ltd. : announced that today it completed its acquisition of Waseca Energy Inc., pursuant to a plan of arrangement under the Business Corporations Act (Alberta). Pursuant to the Acquisition, Twin Butte paid approximately $136 million (including the assumption of approximately $10.0 million of positive working capital and after accounting for estimated transaction costs). Total cash of $57.6 million was allocated to former Waseca shareholders along with the issuance of approximately 30.2 million common shares to acquire all of the outstanding securities of Waseca. Twin Butte Energy Ltd.
shares T.TBE are trading down $0.07 at $2.90.
