CINCH ENERGY CORP 
By CALGARY, ALBERTA--(Marketwire - June 14, 2011) - Cinch Energy Corp. ("Cinch") (TSX:CNH) announces that it has filed its information circular and proxy statement (the "Information Circular") dated June 10, 2011 for the upcoming special meeting (the "Meeting") of shareholders of Cinch (the "Shareholders") at which Shareholders will consider and vote upon the previously announced plan of arrangement (the "Arrangement") pursuant to which Tourmaline Oil Corp. ("Tourmaline") will acquire all the issued and outstanding common shares of Cinch. Pursuant to the Arrangement, Shareholders will receive 0.06366 of a common share of Tourmaline ("Tourmaline Common Share") for each common share of Cinch ("Cinch Common Share") held.
The Meeting is scheduled to be held in the Great Room 3 at the Sandman Hotel Calgary, 888 – 7 Avenue SW, Calgary, Alberta, on July 11, 2011, at 10:00 a.m. (Calgary time). The Information Circular contains details concerning the Arrangement, the requirements for the Arrangement to become effective, the procedure for exchanging Cinch Common Shares for Tourmaline Common Shares upon completion of the Arrangement, voting at the Meeting and other related matters, together with information concerning Tourmaline. Shareholders are urged to carefully review the Information Circular and accompanying materials (collectively the "Meeting Materials") as they contain important information regarding the Arrangement.
If the Arrangement is approved by Shareholders at the Meeting, Cinch intends to apply to the Court of Queen's Bench of Alberta (the "Court"), 601 – 5 Street SW, Calgary, Alberta, on July 11, 2011, at 1:30 p.m. (Calgary time), to obtain a final order approving the Arrangement. Any Shareholder or other interested party desiring to appear at the hearing is required to file with the Court, Judicial Centre of Calgary, and serve upon Cinch on or before 4:00 p.m. (Calgary time) on July 4, 2011 (or the business day that is five business days prior to the date of the Meeting, if Meeting is not held on July 11, 2011) a Notice of Intention to Appear, including an address for service in the Province of Alberta and indicating whether such Shareholder or other interested party intends to support or oppose the application and make submission thereat, together with a summary of the position that the holder or person intends to advance before the Court and any evidence or materials which are to be presented to the Court.
The Board of Directors of Cinch (the "Board") has unanimously determined that the Arrangement is in the best interest of Cinch and the Shareholders. The Board unanimously recommends that Shareholders vote to approve the Arrangement at the Meeting. All of Cinch's officers and directors have entered into support agreements with Tourmaline to vote in favour of and otherwise support the Arrangement, subject to certain permitted exceptions.
RBC Dominion Securities Inc., a member company of RBC Capital Markets, acted as exclusive financial advisor to Cinch and has provided its opinion that, as of May 24, 2011, the consideration to be received by the Shareholders pursuant to the Arrangement is fair, from a financial point of view, to the Shareholders.
In light of the recent announcement of postal disruption in Canada, the physical delivery of the Meeting Materials to certain Shareholders may be delayed. Accordingly, any Shareholders that do not receive their Meeting Materials in a timely fashion are encouraged to access and review electronic copies of the Meeting Materials, which are filed under Cinch's profile on SEDAR at www.sedar.com and on Cinch's corporate website at www.cinchenergy.com. Shareholders may also request a hard copy of the Information Circular by contacting Cinch at 403-693-0090 or Olympia Trust Company at 403-261-0900 or cssinquires@olympiatrust.com to arrange for delivery of the Meeting Materials by electronic mailing or courier at no charge to such Shareholder.
The vast majority of Cinch Shareholders do not hold their Cinch Common Shares in their own name but instead hold their Cinch Common Shares through a broker, financial institution, trustee, nominee or other intermediary (referred to in this press release as "Beneficial Shareholders"). Most brokers or other intermediaries delegate responsibility for obtaining voting instructions from clients to Broadridge Financial Solutions, Inc. ("Broadridge") and Broadridge provides Beneficial Shareholders with a Voting Instruction Form ("VIF") which contains instructions on how to vote by internet or telephone along with a control number specific to each Beneficial Shareholder which is required to record the votes of Beneficial Shareholders through the internet or telephone voting system. Beneficial Shareholders who do not receive physical delivery of their VIF and control number by mail due to postal disruption may obtain their control number by contacting their broker, financial institution, nominee or other intermediary that holds their Cinch Common Shares. Upon obtaining their control number, Beneficial Shareholders may proceed to vote their Cinch Common Shares by accessing the Broadridge internet site or telephone voting system in the normal course as follows or provide directions to their broker, financial institution, nominee or other intermediary to vote on their behalf:
Internet Voting
Telephone Voting
1-800-474-7493 (English) or 1-800-474-7501 (French)
The form of Broadridge VIF, which has also been filed on the internet under Cinch's profile at www.sedar.com and on Cinch's corporate website at www.cinchenergy.com, contains more detailed instructions regarding the process for voting through the Broadridge internet and telephone system. We encourage Beneficial Shareholders to review such instructions carefully and contact their broker, nominee or other intermediary promptly to obtain their required control number or provide instructions to vote on their behalf and thereby ensure their vote is recorded through the internet and telephone system.
For Shareholders that hold their Cinch Common Shares in their own name ("Registered Shareholders"), the form of instrument of proxy for use by Registered Shareholders is also available under Cinch's profile at www.sedar.com and on Cinch's corporate website at www.cinchenergy.com. Registered Shareholders must complete the instrument of proxy which may be returned by facsimile to Olympia Trust Company at 403-265-1445 or by email at proxy@olympiatrust.com, not less than 48 hours (excluding Saturdays, Sundays and statutory holidays in Alberta) before the time set for the Meeting.
Cinch also recommends that Shareholders deposit with the depository appointed in connection with the Arrangement, CIBC Mellon Trust (Canadian Stock Transfer Company Inc. as administrative agent), certificates representing their Cinch Common Shares together with the Letter of Transmittal and other required documents by either (i) hand and receipt therefor obtained or (ii) courier (other than Canada Post) and the appropriate insurance be obtained, to ensure such deposit is not be delayed by the Canada Post disruption. Copies of the Letter of Transmittal may also be obtained under Cinch's profile on SEDAR at www.sedar.com and on Cinch's corporate website at www.cinchenergy.com.
For further information regarding delivery of the Meeting Materials and the transmission of voting instructions, Shareholders should contact Olympia Trust Company at the number set out above.
Cautionary Statement Regarding Forward-Looking Information
Certain information contained in this press release constitutes forward-looking information or statements including, without limitation, information and statements respecting: the timing and results of the Meetings, the timing and completion of the Arrangement and the impact, if any, of the ongoing postal disruption, is forward-looking information. Forward-looking information and statements are often, but not always, identified by the use of words such as "anticipate", "seek", "believe", "expect", "hope", "plan", "intend", "forecast", "target", "project", "guidance", "may", "might", "will", "should", "could", "estimate", "predict" or similar words or expressions suggesting future outcomes or language suggesting an outlook. By their very nature, forward-looking information and statements involve inherent risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking information and statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of important factors could cause the actual results to vary materially from the forward-looking information or statements. Cinch does not assume responsibility for the accuracy and completeness of the forward-looking information or statements and such information and statements should not be taken as guarantees of future outcomes. Subject to applicable securities laws, Cinch does not undertake any obligation to revise these forward-looking information or statements to reflect subsequent events or circumstances. Furthermore, the forward-looking information contained in this press release are made as of the date of this document and Cinch does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. The forward-looking information and statements contained in this press release are expressly qualified by this cautionary statement.
FOR FURTHER INFORMATION PLEASE CONTACT:
Cinch Energy Corp. Sid W. Dykstra Chief Executive Officer (403) 515-6192 dyskstras@cinchenergy.com or Cinch Energy Corp. George Ongyerth President (403) 515-6186 ongyerthg@cinchenergy.com or Cinch Energy Corp. John. W. Elick Chairman (403) 515-6177 elickj@cinchenergy.comwww.cinchenergy.comCNH
What's New Highlights:LegalConditions for viewing
