Bonterra Energy Confirms Recommendation for Shareholders to Reject the Hostile Bid
January 11, 2021 at 05:30 pm IST
On January 11, 2021, Bonterra Energy Corp. announced that it confirms that the Company has reviewed the notice of extension, variation and change filed by Obsidian Energy Ltd. for the unsolicited bid to acquire all of the issued and outstanding common shares of the Company in exchange for shares of Obsidian and continues to recommend that the Company shareholders take no action and reject the hostile bid by not tendering their shares.