HAMMERHEAD ENERGY INC. ANNOUNCES SHAREHOLDER AND COURT APPROVAL FOR THE PLAN OF ARRANGEMENT
CALGARY, AB, Dec. 20, 2023 /PRNewswire/ – Hammerhead Energy Inc. (“Hammerhead” or the “Corporation“) (TSX:HHRS) (NASDAQ: HHRS) is pleased to announce that today at its special meeting (the “Meeting“) of the holders (the “Shareholders“) of Class A common shares of Hammerhead (the “Common Shares“), the Shareholders passed a special resolution (the “Arrangement Resolution“) approving a plan of arrangement under Section 193 of the Business Corporations Act (Alberta), pursuant to which Crescent Point Energy Corp. (“Crescent Point“) will acquire all of the issued and outstanding Common Shares and the Corporation will become a direct wholly owned subsidiary of Crescent Point. Shareholders (other than dissenting Shareholders) will receive, for each full Common Share held, $15.50 in cash and 0.5340 of a Crescent Point common share (the “Arrangement“).