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Pace, AvenEx and Charger Receive Shareholder Approval for Merger to Form Spyglass Resources

Pace Oil & Gas Ltd. (PCE.TO), AvenEx Energy Corp. (AVF.TO and Charger Energy Corp. (CHX.V) announced that shareholders have approved the previously announced plan of arrangement to form Spyglass Resources Corp (SGL.TO), an intermediate-sized oil and gas producer.

The merger received approval from the shareholders of Pace, AvenEx and Charger who voted at each company's respective special meeting of shareholders held on March 26, 2013. Upon closing, AvenEx and Charger will amalgamate with Pace which will subsequently be renamed Spyglass Resources. Spyglass will have approximately 129 million common shares outstanding.

It is anticipated that Spyglass shares will commence trading on the TSX under the new symbol SGL on or about April 4, 2013.

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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