Media Releases
Click through the links on the right to view media releases issued by Osum in relation to the Waterous Offer.
Osum Board Withdraws its Recommendation that Shareholders Reject the Offer from Waterous Energy Fund
February 23, 2021
Improved Offer from Waterous Energy Fund Supported by the Independent Board Members and Executive Team
February 18, 2021
Osum Advises Shareholders of the Potential for a Superior Bid
February 14, 2021
Shareholder Update Re: Hostile Bid
February 4, 2021
Osum Updates Timeline for Independent Valuation and Corporate Sale Process and Reminds Shareholders There is No Need to Tender at This Time
February 4, 2021
Osum Provides Update on Steps to Maximize Value and Addresses Waterous Press Release
February 1, 2021
Osum Files Application with Alberta Securities Commission to Cease Trade Waterous Hostile Bid
December 3, 2020
Osum’s Special Committee Recommends Shareholders Reject Waterous Energy Fund’s Hostile Bid
November 19, 2020
Osum Response to Waterous Energy Fund’s Announcement of an Intention to Make an Unsolicited Offer
November 3, 2020
Shareholder Documents
Improved WEF Offer
On February 18, 2021, Waterous Energy Fund announced an improved offer of $3.00 per share. All of the independent board members and members of the Osum executive team have signed support agreements committing to tender their shares to the revised offer.
Notice of Change to Directors’ Circular – English
February 22, 2021
Notice of Change to Directors’ Circular – French
February 22, 2021
Original WEF Offer
The Directors’ Circular dated November 18, 2020 provides a summary of the principal reasons for the Special Committee’s and the Board of Directors’ (excluding conflicted directors) unanimous recommendation that Osum Shareholders reject Waterous Energy Fund’s original offer of $2.40 per share on November 4, 2020.
Shareholder Questions
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