UPDATE: Cub Energy Inc. and Anatolia Energy Corp. Announce Strategic Arrangement, Cub Up 4.4% Late Morning

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Cub Energy Inc. (KUB.V) and Anatolia Energy Corp. (AEE.V) have entered into an arrangement agreement, whereby Cub will acquire all the issued and outstanding common shares of Anatolia.

Cub is up 1 cent to 24 cents.

Anatolia shareholders will receive 0.106 of a Cub Share for each Anatolia Share held. The exchange ratio of 0.106 represents a value of $0.025 for each Anatolia Share. Anatolia shareholders will receive approximately 13.9 million Cub shares.

Anatolia is down half a cent (20%) to 2 cents.



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