12:30 PM EST - Canada Gas Corp. : announced a proposal to acquire all of the outstanding shares of Flying A Petroleum Ltd. on the basis of 6 Flying A shares for 1 Canada Gas share. The Company was advised that due to a currently imposed cease trade order respecting Flying A's common shares, Flying A and its shareholders are prohibited from negotiating and or entering into a transaction that would involve the common shares of Flying A, including a takeover bid. Canada Gas Corp.
shares V.CJC are trading unchanged at $0.16.
