|Date Announced:||May 13, 2019|
|Date Closed:||July 15, 2019|
|Client Name:||Pacific Oil & Gas Ltd.|
The transaction will be completed by way of an exempt takeover bid, with the offer expected to be mailed to Canbriam securityholders on or before May 21, 2019. Closing of the transaction is expected to occur prior to July 1, 2019, subject to the satisfaction of customary closing conditions, including approvals required under the Competition Act (Canada). In connection with the transaction and prior to close, Canbriam intends to deliver a redemption notice to the holders of its Senior Notes due 2019 to redeem the notes conditional on the completion of the transaction.