11:47 AM EST - Cequence Energy Ltd. : announced that all of the conditions to its offer to buy Peloton Exploration Corp. have been satisfied. As a result, Cequence has taken up about 99% of Peloton Shares. Cequence plans to buy remaining Peloton Shares that were not tendered to the offer pursuant to compulsory acquisition as soon as practicable. The company said that Peloton shareholders who have tendered to offer will receive 0.205 of a Cequence share for each Peloton Share held. The company said that about 12.1 million common shares will be issued to acquire all Peloton shares. Cequence Energy Ltd.
shares T.CQE are trading down $0.05 at $2.35.
