i3 Energy Acquires Toscana Energy Out of Bankruptcy

Updated 10 months 2 weeks ago

Toscana Energy has obtained a final order from the Court of Queen's Bench of Alberta approving the acquisition of Toscana by i3 Energy announced on June 23, 2020. Toscana shareholders received 0.03031261 of an i3 share for each Toscana share. Toscana approved this arrangement with 77% of votes cast by shareholders on October 27, 2020. Joseph Durante, John Festival, Brian Krausert, and Stanley Smith were also elected as directors. The transaction closed in October 30, 2020. i3 Energy will commence trading on the Toronto stock exchange on November 5, 2020.