Cypress Energy Inc. Announces Satisfaction of Conditions in Connection with the Offer to Purchase Common Shares and Special Warrants of Attock Energy Corporation.CALGARY, Alberta--(BUSINESS WIRE)--Jan. 15, 1997-- Cypress Cypress, city, United States Cypress (sī`prəs), city (1990 pop. 42,655), Orange co., S Calif. near Long Beach; inc. 1956. Forest Lawn–Cypress, a branch of the famous cemetery in Glendale, Calif. Energy(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). CYZ.A. ) Cypress Energy Inc. announces that it has entered into lock-up agreements Lock-Up Agreement A legally binding contract between the underwriters and insiders of a company prohibiting these individuals from selling any shares of stock for a specified period of time. with certain shareholders of Attock Energy Corporation owning an aggregate of 2,246,156 Common Shares (35.5 percent) with respect to the tender of such Common Shares in acceptance of the previously announced Offer of Cypress Energy Inc. Cypress also confirms that it has completed to its satisfaction due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. in respect of Attock's title to its petroleum and natural gas rights and an environmental review of Attock. In addition, Cypress has amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. its previously announced offer to include an offer for both the 6,323,691 outstanding Common Shares and the 1,714,800 outstanding Special Warrants at a price of $0.83 per security. The offer is expected to be mailed to Attock shareholders by January 20, 1997. GRIFFITHS MCBURNEY & PARTNERS is acting as Financial Advisor and Dealer Manager for the Offer. CONTACT: Cypress Energy Inc. Donald F. Archibald, 403/ 262-8225 |
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