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Pace, AvenEx and Charger Complete Merger to Form Spyglass Resources

Spyglass Resources Corp (SGL.TO) announced that the plan of arrangement among Pace Oil & Gas Ltd. (PCE.TO), AvenEx Energy Corp. (AVF.TO) and Charger Energy Corp. (CHX.V) to form Spyglass was closed today.

Spyglass will be an intermediate-sized oil and gas producer with a balanced commodity profile and a monthly cash dividend. Following the closing, Spyglass has approximately 128.1 million common shares outstanding.

It is anticipated that the common shares of Spyglass will commence trading on the TSX under the new symbol SGL on or about April 3, 2013, at which time the Pace shares and AvenEx shares will cease trading on the TSX. In accordance with the policies of the TSX Venture Exchange, trading in the shares of Charger was halted at the opening of markets today and Charger will be delisted in due course.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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