New York, New York - October 17, 2012 (Investorideas.com Energy Stocks Newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector for independent investors reports on the top volume trader for Wednesday, Celtic Exploration Ltd. (TSX:CLT.TO) gaining over 45%, trading at $26.30, up 8.18 as of 10:33AM EDT on over 7 Million shares. The stock moved on news that ExxonMobil Canada is acquiring the company in deal worth over $3 Billion.
Shareholders are being offered $24.50 per share plus a half-share of a new company.
Highlights
Cash price is C$24.50 per Celtic share
Celtic shareholders also receive 0.5 of a share of a new company to be led by Celtic's current management team
Transaction has received the unanimous approval of Celtic's Board of Directors
Celtic is a Calgary, Alberta, Canada-based oil and gas company focused on exploration, development and production of crude oil and natural gas resources primarily in west central Alberta. Celtic holds large acreage positions in the Montney and Duvernay resource gas plays.
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BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info
