12:19 PM EST - Tusk Energy Corp. : is offering to buy Zenas Energy Corp. in a friendly all-stock deal worth $119 million that will create a midsized junior oil and gas company operating in Western Canada, the companies said on Monday. Tusk is offering 1.033 of its common shares for every Zenas share. Based on Friday's closing prices, the offer is valued at $3.30 a share and represents a premium of 43 percent. Tusk Energy Corp.
T.TSK are trading off 45 cents at $2.74.
