Bonterra Energy Reiterates Recommendation for Shareholders to Reject the Hostile Bid by Taking No
January 28, 2021 at 05:16 pm EST
On January 28, 2021, Bonterra Energy Corp and its board of directors reiterates the previous recommendation that shareholders reject Obsidian Energy Ltd.'s conditional, 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 shares.