Overview

Overview

Offer

Overview

Overview

Overview

Overview

Kodiak, after being continued from the Yukon to B.C., will be acquired by Whiting Canadian Sub under a B.C. Plan of Arrangement and amalgamated with Whiting Canadian Sub with Kodiak as the survivor (a reverse triangular merger). On the acquisition of Kodiak, its shareholders will receive Whiting common shares from Whiting Canadian Sub with Whiting Canadian Sub simultaneously issuing common shares to Whiting in consideration for such Whiting common shares.

Overview

Overview

Overview

Under a B.C. plan of arrangement, shareholders of Kenai will receive ordinary shares (and no deferred shares) of Serabi (representing an 87% premium). The Kenai shares will be acquired by Subco prior to Kenai and Subco amalgamating, with Amalco being a wholly-owned subsidiary of Serabi. Kenai shareholders will hold approximately 19.82% of Serabi's fully diluted shares outstanding. Serabi will lend up to US$2.75M to Kenai before the effective date of the arrangement to fund obligations of, and work on, Kenai's Brazilian property.