The Waterous Hostile Bid significantly undervalues Osum common shares

Osum’s Board of Directors (excluding conflicted directors) and the Special Committee of independent directors have deemed the Hostile Bid INADEQUATE and unanimously recommend that shareholders REJECT the Hostile Bid and DO NOT TENDER their shares.


HOSTILE BID FACTS:

  • HIGHLY OPPORTUNISTIC bid taking advantage of a global pandemic
  • Exploitive insider bid with NO CONTROL PREMIUM
  • HIGHLY CONDITIONAL bid offering only PARTIAL liquidity
  • Osum has a PRISTINE BALANCE SHEET and is on CLEAR PATH TO ZERO NET DEBT in the near term
  • INSUFFICIENT VALUE for Osum’s top quality assets

NO ACTION IS REQUIRED to REJECT the HOSTILE BID

If you have already tendered your Osum Shares to the Hostile Bid, you can withdraw them by contacting your broker or Laurel Hill Advisory Group Toll Free at 1-877-452-7184 (416-304-0211 outside North America) or via email at assistance@laurelhill.com.

Directors' Circular


The Circular provides a summary of the principal reasons for the Special Committee and the Board of Directors (excluding conflicted directors) unanimous recommendation that Osum Shareholders REJECT the Hostile Bid and DO NOT TENDER their Osum Shares.

Media Releases

  1. Osum’s Special Committee Recommends Shareholders Reject Waterous Energy Fund’s Hostile Bid

  2. Osum Responds to Waterous Energy Fund’s Announcement of an Intention to Make an Unsolicited Offer

Previous Articles

Shareholder Questions


Osum has engaged Laurel Hill Advisory Group to act as the Information Agent for the Hostile Bid.

If you have questions or have tendered your shares and need assistance withdrawing them, the Laurel Hill Advisory Group can be reached toll-free at 1-877-452-7184 (416-304-0211 outside of North America) or via email at assistance@laurelhill.com.

Alternatively, you can fill out the form to the right and a client care agent will respond promptly.


Arrow up