CALGARY, ALBERTA--(Marketwired - Dec 3, 2013) - Sonde Resources Corp. ("Sonde" or the "Company") (SOQ.TO) (NYSE MKT:SOQ) announces that, further to the previously announced plan of arrangement (the "Arrangement") with, among others, Marquee Energy Ltd. ("Marquee"), the interim order has been granted by the Court of Queen's Bench of Alberta (the "Interim Order"). The granting of the Interim Order was a condition to the completion of the Arrangement and authorizes, among other things, the holding of the special meeting (the "Meeting") of holders (the "Sonde Shareholders") of common shares of the Company (the "Sonde Shares") to vote on the Arrangement and matters relating to the conduct of such Meeting.
The notice of special meeting and management information circular, letter of transmittal and proxy in respect of the Meeting and the Arrangement (the "Meeting Materials") will be filed with securities regulators in Canada and the United States and will be accessible on the SEDAR website (www.sedar.com) and the Securities Exchange and Commission's website (www.sec.gov) on December 4, 2013. Holders of Sonde Shares of record as of November 30, 2013 will receive a paper copy of the Meeting Materials by mail.
The Meeting will be held on December 30, 2013 at 9:00 a.m. (Calgary time) at Suite 3700, 400 - Third Avenue S.W., Calgary, Alberta. All Sonde Shareholders are encouraged to vote at the Meeting in person or by proxy. Details on how to vote are contained in the Meeting Materials.
As previously announced on November 5, 2013 and November 21, 2013, pursuant to the Arrangement, Marquee has agreed to acquire all of Sonde's producing Western Canadian assets for consideration of $15 million in cash and an aggregate of 21,182,491 common shares of Marquee (representing approximately 0.34 of a common share of Marquee for each Sonde Share outstanding). As part of the Arrangement, Sonde will distribute all of the common shares of Marquee received by it to the Sonde Shareholders and will retain the cash consideration. In addition, the Sonde Shares will be consolidated on the basis of 0.9 of a consolidated share for each Sonde Share.
- Investment & Company Information
President and Chief Operating Officer
Sonde Resources Corp.
Chief Financial Officer