May. 7 at 11:40 AM
$VRN WHITECAP RESOURCES INC. AND VEREN INC. ANNOUNCE RESULTS OF SPECIAL SHAREHOLDER MEETINGS
CALGARY, AB, May 6, 2025 The application for approval of the Business Combination by the Court of King's Bench is scheduled to be heard on May 8, 2025. Subject to approval of the Court of King's Bench and other customary closing conditions, the Business Combination is expected to close on or about May 12, 2025 and Veren's common shares are expected to be delisted from the Toronto Stock Exchange ("TSX") at close of markets on May 13, 2025. VRN gets 1.05 WCP shares. WCP shareholders will still own the same amount, but VRN shareholders who own 100 VRN shares will now own 105 WCP shares. https://www.prnewswire.com/news-releases/whitecap-resources-inc-and-veren-inc-announce-results-of-special-shareholder-meetings-302447780.html