IKKUMA RESOURCES CORP. ("IKM")
BULLETIN TYPE: Delist-Offer to Purchase
BULLETIN DATE: December 21, 2018
TSX Venture Tier 2 Company
The TSX Venture Exchange has accepted documentation pursuant to an arrangement agreement (the "Agreement") between the Company and Pieridae Energy Ltd. ("Pieridae"), pursuant to which Pieridae acquired all of the issued and outstanding shares of the Company by way of a plan of arrangement under Section 193 of the Business Corporations Act (Alberta). Prior to completing the arrangement, certain interests in Cardium light-oil-focused Alberta Foothills properties were transferred to a newly formed private corporation named Briko Energy Corp. ("ExploreCo"). Under the terms of the Agreement, each shareholder of the Company is entitled to receive, for each common share held, 0.1926 of a common share of Pieridae, 0.1 of one common share of ExploreCo and 0.1 of one common share purchase warrant of ExploreCo.
Effective at the close of business Monday, December 24, 2018, the common shares of the Company will be delisted from TSX Venture Exchange. For further information please refer to the Company's information circular posted on SEDAR November 19, 2018 and the Company's news releases dated August 24, 2018, and December 20, 2018.
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