DOMINION EXPLORERS/GOBI OIL & GAS gain shareholders' apporval for merger.CALGARY, ALBERTA--(BUSINESS WIRE)--Dec. 16, 1994--DOMINION EXPLORERS INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. .(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : DMN DMN Dimension DMN Dimethylnitrosamine (carcinogen) DMN Data Multiplexing Network DMN Defective Material Notice DMN Discrete Memoryless Network DMN Document Management Number DMN Dynamic Mesh Network DMN Digital Milti-Network Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : GBG GBG Göteborg (Sweden) GBG Guernsey (International Auto Identification) GBG Good Beer Guide (UK pub guidebook published annually by the Campaign for Real Ale) ) Dominion Explorers Inc. and Gobi Oil & Gas Ltd., both of Calgary, Alberta announce that they have received shareholders' approval in Special Shareholder Meetings held on December 15, 1994 to a Plan of Arrangement involving the amalgamation of the two companies which will become effective December 31, 1994. Court approval has also been received. The amalgamated a·mal·ga·mate v. a·mal·ga·mat·ed, a·mal·ga·mat·ing, a·mal·ga·mates v.tr. 1. To combine into a unified or integrated whole; unite. See Synonyms at mix. 2. company will retain the Dominion Explorers Inc. name and the listing on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "DMN". The combined company will have a current production rate of 1200 barrels of oil equivalent per day of which approximately one half is crude oil and one half natural gas. The Dominion shareholders will receive one share of the Amalgamated Corporation for each 12.5 Dominion shares held plus one Croinor Participating Right. These rights represent an entitlement to receive the proceeds of disposition of the mineral assets of Dominion, within the next year. Gobi shareholders will receive one share of the Amalgamated Corporation for each 5.5 shares of Gobi held. The Amalgamated Corporation will have approximately 15,500,000 common shares outstanding. "THE TORONTO AND ALBERTA STOCK EXCHANGES HAVE NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN." CONTACT: John A. Pope, President
or
Andrew S. Burgess, Vice President
DOMINION EXPLORERS INC.
1250 Bow Valley Square III
255-5th Avenue S.W.
Calgary, Alberta T2P 3G6
403/571-1100
403/571-1101 (FAX)
or
Michael A. Williams, Chairman
GOBI OIL & GAS LTD.
Suite 780, 700-4th Avenue S.W.
Calgary, Alberta T2P 3J4
403/237-8400
403/263-5045 (FAX)
INDUSTRY KEYWORD: OIL/GAS REPEATS: New York 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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