C.A. Bancorp Ltd. Believes that Ill-Advised Merger with Arsenal Energy will be Rejected; Shareholders Urged to Elect New Board of Directors.TORONTO -- C.A. Bancorp Ltd. ("C.A.Bancorp") believes that the ill-advised merger of Tiverton Petroleums Ltd. ("Tiverton") with Arsenal Energy Inc. ("Arsenal") will be rejected by shareholders despite the flow of biased information by Tiverton's management through its press releases and telephone calls to shareholders. For more balanced information, shareholders are urged to review C.A. Bancorp's press releases dated February 10, 2006 and February 15, 2006 available at sedar.com. There will be two separate matters to be voted on at the special meeting of Tiverton shareholders on February 21, 2006. In respect of those two matters, C.A. Bancorp urges Tiverton shareholders to vote AGAINST the Arsenal merger and FOR a new slate of directors who will bring effective management and responsible corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. to Tiverton. Regardless of how shareholders vote in respect of the merger, shareholders can still vote to replace Tiverton's current board of directors with a new slate of experienced directors. C.A. Bancorp Ltd. is the wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of C.A. Bancorp Inc. (TSV TSV - tab-separated values : BKP BKP Bleached Kraft Pulp BKP Buchele & Kremer Produktivitätsberatung GmbH BKP Backup File BKP Breakpoint ). As a merchant bank, C.A. Bancorp Inc. pursues a strategy of making equity investments in Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. small- and middle-market, public and private companies that exhibit the potential for substantial capital appreciation through improved management, financial performance and enhanced strategic positioning. C.A. Bancorp Inc. targets undervalued companies undervalued company A firm whose assets and potential earning power are not adequately reflected in its stock price. Although such firms are more likely to be subject to takeover attempts than others, determining whether a particular firm is actually that are underperforming due to poor management, execution or inadequate capital structure or are undergoing a significant transition, such as a change in senior management or a succession in ownership. The Exchange Tower 130 King Street West Suite 2805, P.O. Box 104 Toronto, Ontario M5X 1A4 |
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