Waterous Energy Fund announces the final step of its acquisition of Osum Oil Sands Corp; shareholder meeting to be held April 30, 2021 to approve the transaction

CALGARY, AB, April 6, 2021 – Waterous Energy Fund (“WEF”) and Osum Oil Sands Corp. (“Osum”) announce today that Osum has entered into an amalgamation agreement with WEF Osum Acquisition Corp. (“WOAC”) under which Osum will amalgamate with WOAC, with the amalgamated entity (“Amalco”) becoming an entity wholly-owned by WEF (the “Amalgamation”). Osum’s board has called a meeting of holders (“Osum Shareholders”) of common shares of Osum (“Osum Shares”) to consider the proposed Amalgamation.

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Shareholder Documents

An information proxy circular (the “Circular”) and related documents are being mailed to Osum Shareholders of record on April 6, 2021. These items can also be viewed below:

Recent News

  1. Waterous Energy Fund Announces Successful Take-Over Bid for Osum Oil Sands Corp., Commencement of Mandatory 10-Day Tender Extension Period, and Voluntary Resignation of Osum Directors and Officers

  2. Osum Board Withdraws its Recommendation that Shareholders Reject the Offer from Waterous Energy Fund

  3. Improved Offer from Waterous Energy Fund Supported by the Independent Board Members and Executive Team

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