Pinecrest Energy Inc. (TSXV:PRY) has announced it has been informed by Spartan Oil Corp. that Spartan has received an unsolicited offer from a third-party to acquire all of the outstanding and issued common shares of Spartan.
Highlights from press release:
- Pinecrest remains committed to completing the plan of arrangement
- Pinecrest Board of Directors has unanimously determined that the Arrangement is in the best interests of Pinecrest and the shareholders of Pinecrest
