Overview

Under an Alberta Plan of Arrangement, all the non-dissenting shares of Charger and AvenEx will be exchanged for treasury shares of Pace, following which Charger and AvenEx will be amalgamated into Pace to continue as Spyglass (which will have a market cap of $344M). Charger, AvenEx and Pace are Alberta companies listed on the TSXV, TSX and TSX, respectively. The shareholders of Charger, AvenEx and Pace will hold 9%, 43% and 48%, respectively, of the shares of Spyglass.

Plan of Arrangement

Under the Plan of Arrangement: