Castle Energy Corporation Sets Date for Special Meeting of Shareholders.KING OF PRUSSIA King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical , Pa. -- Castle Energy Corporation(1) (Nasdaq:CECX) (the "Company") announced today that it had set the meeting date for a special meeting of its shareholders for 1:00 p.m. (EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT ), April 28, 2006. The purpose of the Special Meeting of Shareholders is to vote on the Company's plan of merger with Delta Petroleum Corporation ("Delta"). Mr. Sidney F. Wentz, Chairman of the Company, indicated that the registration statement containing the Company's proxy statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. concerning the merger had been declared effective by the Securities and Exchange Commission on March 28, 2006. Pursuant to the original agreement and plan of merger, Castle shareholders are to receive approximately 1.164 Delta shares for each share of Castle. Approval of the merger by the Company's shareholders is required for the merger to be consummated. This material is not a substitute for the prospectus/proxy statement that the Company is currently sending to its shareholders. Investors are urged to read the prospectus/proxy statement which contains important information, including detailed risk factors. The prospectus/proxy statement and other documents has been filed with the SEC and is available free of charge at the SEC's website, www.sec.gov, or by directing a request to the Company. Forward-looking statements in this announcement are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainty, including without limitation, litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. risks, tax risks, risks related to the public market for the Company's stock, as well as general business risks. Please refer to the Company's Securities and Exchange Commission filings for additional information. (1) Castle Energy Corporation is not affiliated with Castle Oil Corporation. |
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