Celtic/Kelt/Exxonmobil

(SEDAR filing: 19 November 2012) Circular for spin-off of Kelt Exploration Ltd. ("Kelt") by Celtic Exploration Ltd. ("Celtic") and the acquisition of Celtic by and indirect ULC subsidary ("Purchaser") of Exxonmobil Canada Ltd. ("Exxonmobil") (2325 K). BLG
Summaries
Summary Under
Tax Topics - Public Transactions - Spin-Offs & Distributions - Taxable spin-offs
Celtic spins-off a subsidiary (Kelt) through a taxable sale transaction with the Celtic purchaser (Exxonmobil)
Overview

It is contemplated that under an Alberta Plan of Arrangment, Celtic 5% convertible unsecured debentures will be converted into around...

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