BULLETIN V2026-1832
FALCON OIL & GAS LTD. ("FO")
BULLETIN TYPE: Plan of Arrangement-, Delist
BULLETIN DATE: May 28, 2026
TSX Venture Tier 2 Company
Effective at the close of business on Friday, May 29, 2026, the common shares of Falcon Oil & Gas Ltd. ("Falcon") will be delisted from the TSX Venture Exchange. The delisting of Falcon shares results from the completion of a court-approved Plan of Arrangement under the Business Corporations Act (British Columbia), pursuant to an Arrangement Agreement between Falcon and Tamboran Resources Corporation ("Tamboran"), whereby Tamboran acquired all of the subsidiaries of Falcon.
Under the terms of the Arrangement, eligible shareholders of Falcon are entitled to receive 0.00687 shares of Tamboran common stock for each common share of Falcon held. Pursuant to a final court order, a shareholder subject to sanctions was deemed to have exercised its right to dissent in respect of the special resolution approving the transaction, and is entitled to receive the greater of cash consideration of US$23.7 million or the fair value of their Falcon shares.
The Exchange has been advised that the requisite approval of the Arrangement by Falcon shareholders was received at a special meeting held on March 11, 2026. The Supreme Court of British Columbia granted a final order with respect to the Arrangement on March 26, 2026. The Arrangement was completed on May 28, 2026.
For further details, please refer to Falcon's information circular dated February 4, 2026 and available on SEDAR+, and news releases dated September 30, 2025, January 5, 2026, February 9, 2026, March 12, 2026, March 16, 2026, March 25, 2026, March 27, 2026, and May 28, 2026.
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