Click through the links on the right to view media releases issued by Osum in relation to the Waterous Offer.
Osum Advises Shareholders of the Potential for a Superior Bid
February 14, 2021
Shareholder Update Re: Hostile Bid
February 4, 2021
Osum Updates Corporate Sale Process, Agrees to Hearing Date for Application to Cease Trade Waterous’ Hostile Bid, and Announces Waterous’ Withdrawal of its Requisition for a Special Meeting of Shareholders
December 17, 2020
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.
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.
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