Latest Oromin Explorations (OLEPF) Headlines
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Posted On: 03/10/2014 9:38:25 PM
Latest Oromin Explorations (OLEPF) Headlines
Teranga and Oromin Announce Plan of Arrangement Transaction
Marketwire - Tue Aug 27, 5:23PM CDT
Teranga Gold Corporation ("Teranga") (TSX: TGZ)(ASX: TGZ) and Oromin Explorations Ltd. ("Oromin") (TSX: OLE)(OTCBB: OLEPF) today announced that they have entered into an arrangement agreement (the "Arrangement Agreement") for Teranga to acquire the remaining outstanding common shares of Oromin (the "Oromin Shares") by way of a plan of arrangement (the "Arrangement") under the B.C. Business Corporations Act. Under the Arrangement, shareholders of Oromin ("Shareholders") would receive the same consideration of 0.60 of a common share of Teranga for each Oromin Share as was offered under Teranga's prior offer that was completed on August 6, 2013.
Oromin Explorations Ltd +27.14% is Top Gainer in this Week's Ubika Gold 50 Index Report
Newsfile Corp - Mon Aug 26, 9:44AM CDT
full story)
Oromin Announces New Board of Directors
CNW Group - Wed Aug 07, 10:05PM CDT
Trading Symbol: TSX - OLE OTC/BB - OLEPF Website: www.oromin.com
Teranga and Oromin Announce Completion of Offer
Marketwire - Wed Aug 07, 5:01AM CDT
Teranga Gold Corporation ("Teranga") (TSX: TGZ)(ASX: TGZ) and Oromin Explorations Ltd. ("Oromin") (TSX: OLE)(OTCBB: OLEPF) today announced that as at the expiry time of 9:00 p.m. (Toronto Time) on August 6, 2013, a total of 78,985,388 common shares ("Oromin Shares") of Oromin, representing approximately 57.5% of the outstanding Oromin Shares (on a non-diluted basis), had been tendered to the Teranga offer (the "Offer") to acquire all of the outstanding Oromin Shares that Teranga did not already own. Together with 18,669,500 Oromin Shares currently owned by Teranga, this represents a total of 97,684,888 Oromin Shares, or approximately 71.1% of the outstanding Oromin Shares (on a non-diluted basis). This excludes deficient tenders that may yet be rectified and additional Oromin Shares that may be tendered pursuant to the Notice of Guaranteed Delivery process.
Teranga and Oromin Announce Friendly Transaction
Marketwire - Mon Jul 22, 10:25PM CDT
Teranga Gold Corporation ("Teranga") (TSX: TGZ)(ASX: TGZ) and Oromin Explorations Ltd. ("Oromin")(TSX: OLE)(OTCBB: OLEPF) today announced that they have entered into a support agreement (the "Support Agreement") in respect of an amended offer (the "Varied Offer") by Teranga to acquire all of the outstanding common shares ("Oromin Shares") of Oromin that it does not already own. The Varied Offer reflects an increase in the exchange ratio to 0.60 (from 0.582) of a common share of Teranga for each Oromin Share. The increase in the exchange ratio brings the net treasury shares to be issued by Teranga to approximately 71.2 million from approximately 69.1 million. The Varied Offer will expire at 9:00 p.m. (Toronto Time) on August 6, 2013.
Leading Independent Proxy Advisory Firms Recommend Teranga Shareholders Approve Oromin Transaction and Elect Management's Director Nominees
Marketwire - Thu Jul 11, 6:01AM CDT
Institutional Shareholder Services Inc. (ISS), Glass Lewis & Co. (GL) and Ownership Matters Pty. Ltd. (Ownership Matters), three leading proxy advisory firms, have all recommended that shareholders of Teranga Gold Corp. (TSX: TGZ)(ASX: TGZ) vote FOR the proposed acquisition of Oromin Explorations Ltd ("Oromin") and FOR management's director nominees up for election at the upcoming annual and special meeting on July 18, 2013.
Oromin Mails Directors' Circular and Advises Shareholders to Take No Action at This Time
Marketwire - Thu Jul 04, 12:09PM CDT
Oromin Explorations Ltd. (the "Company" or "Oromin") (TSX: OLE)(OTCBB: OLEPF) announces that it has mailed its directors' circular (the "Directors' Circular") in response to the unsolicited offer (the "Teranga Offer") from Teranga Gold Corporation ("Teranga") to acquire all of the issued and outstanding common shares of Oromin (the "Oromin Shares") (other than Oromin Shares already owned by Teranga), for consideration of 0.582 of a common share of Teranga for each Oromin Share held and upon the other terms and subject to the conditions set forth in the Teranga Offer.
Oromin Announces Change of Date for Annual & Special Meeting of Shareholders
Marketwire - Wed Jul 03, 1:39PM CDT
Oromin Explorations Ltd. (TSX: OLE)(OTCBB: OLEPF) (the "Company") announced today that the Annual and Special Meeting of Shareholders of the Company that was to be held on July 17, 2013 at 10:00 a.m. (Pacific Time) will be postponed to Wednesday, July 31, 2013 at 11:00 a.m. (Pacific Time). The location of the meeting will remain at the Oceanic Plaza Meeting Room - Pender Level, 1035 West Pender Street, Vancouver, British Columbia.
Teranga Files Amended and Restated Management Proxy Circular
Marketwire - Mon Jun 24, 7:07PM CDT
Teranga Gold Corporation ("Teranga") (TSX: TGZ)(ASX: TGZ) announced today that it has mailed and filed on SEDAR and the ASX an amended and restated management proxy circular for the upcoming annual and special meeting of shareholders of Teranga to be held on July 18, 2013.
Oromin Responds to Unsolicited Offer
Marketwire - Thu Jun 20, 4:37PM CDT
Oromin Explorations Ltd. (the "Company" or "Oromin") (TSX: OLE)(OTCBB: OLEPF) acknowledges the announcement made on June 19, 2013 by Teranga Gold Corporation ("Teranga") of its commencement of an unsolicited bid (the "Offer") for all of the issued and outstanding common shares of Oromin that it currently does not own.
Teranga Announces Formal Offer to Acquire Oromin Explorations Ltd.
CNW Group - Wed Jun 19, 10:21PM CDT
TSX Trading Symbol: TGZ ASX Trading Symbol: TGZ
Bendon International Ltd. strongly opposes the proposed unsolicited offer by Teranga Gold Corporation to acquire Oromin Explorations Ltd.
CNW Group - Tue Jun 11, 1:32PM CDT
Bendon International Ltd. ("Bendon") announced today that it strongly opposes the proposed unsolicited offer (the "Offer") by Teranga Gold Corporation ("Teranga"), announced June 3, 2013, to acquire the outstanding shares of Oromin Explorations Ltd. ("Oromin"). Bendon is a 43.5% shareholder in Oromin Joint Venture Group, Ltd. ("OJVG"). If the Offer is successful, Teranga would control Oromin's 43.5% ownership interest in the OJVG through Oromin's wholly-owned subsidiary Sabodala Holding Limited ("Sabodala"). The OJVG is Oromin's principal asset.
Teranga Announces New Annual General and Special Meeting Date
Marketwire - Fri Jun 07, 5:08PM CDT
Teranga Gold Corporation ("Teranga" or the "Company") (TSX: TGZ)(ASX: TGZ) announced today that its annual general and special meeting originally scheduled for June 26, 2013 will now be held on July 18, 2013 (the "Meeting").
Teranga and Oromin Announce Plan of Arrangement Transaction
Marketwire - Tue Aug 27, 5:23PM CDT
Teranga Gold Corporation ("Teranga") (TSX: TGZ)(ASX: TGZ) and Oromin Explorations Ltd. ("Oromin") (TSX: OLE)(OTCBB: OLEPF) today announced that they have entered into an arrangement agreement (the "Arrangement Agreement") for Teranga to acquire the remaining outstanding common shares of Oromin (the "Oromin Shares") by way of a plan of arrangement (the "Arrangement") under the B.C. Business Corporations Act. Under the Arrangement, shareholders of Oromin ("Shareholders") would receive the same consideration of 0.60 of a common share of Teranga for each Oromin Share as was offered under Teranga's prior offer that was completed on August 6, 2013.
Oromin Explorations Ltd +27.14% is Top Gainer in this Week's Ubika Gold 50 Index Report
Newsfile Corp - Mon Aug 26, 9:44AM CDT
full story)
Oromin Announces New Board of Directors
CNW Group - Wed Aug 07, 10:05PM CDT
Trading Symbol: TSX - OLE OTC/BB - OLEPF Website: www.oromin.com
Teranga and Oromin Announce Completion of Offer
Marketwire - Wed Aug 07, 5:01AM CDT
Teranga Gold Corporation ("Teranga") (TSX: TGZ)(ASX: TGZ) and Oromin Explorations Ltd. ("Oromin") (TSX: OLE)(OTCBB: OLEPF) today announced that as at the expiry time of 9:00 p.m. (Toronto Time) on August 6, 2013, a total of 78,985,388 common shares ("Oromin Shares") of Oromin, representing approximately 57.5% of the outstanding Oromin Shares (on a non-diluted basis), had been tendered to the Teranga offer (the "Offer") to acquire all of the outstanding Oromin Shares that Teranga did not already own. Together with 18,669,500 Oromin Shares currently owned by Teranga, this represents a total of 97,684,888 Oromin Shares, or approximately 71.1% of the outstanding Oromin Shares (on a non-diluted basis). This excludes deficient tenders that may yet be rectified and additional Oromin Shares that may be tendered pursuant to the Notice of Guaranteed Delivery process.
Teranga and Oromin Announce Friendly Transaction
Marketwire - Mon Jul 22, 10:25PM CDT
Teranga Gold Corporation ("Teranga") (TSX: TGZ)(ASX: TGZ) and Oromin Explorations Ltd. ("Oromin")(TSX: OLE)(OTCBB: OLEPF) today announced that they have entered into a support agreement (the "Support Agreement") in respect of an amended offer (the "Varied Offer") by Teranga to acquire all of the outstanding common shares ("Oromin Shares") of Oromin that it does not already own. The Varied Offer reflects an increase in the exchange ratio to 0.60 (from 0.582) of a common share of Teranga for each Oromin Share. The increase in the exchange ratio brings the net treasury shares to be issued by Teranga to approximately 71.2 million from approximately 69.1 million. The Varied Offer will expire at 9:00 p.m. (Toronto Time) on August 6, 2013.
Leading Independent Proxy Advisory Firms Recommend Teranga Shareholders Approve Oromin Transaction and Elect Management's Director Nominees
Marketwire - Thu Jul 11, 6:01AM CDT
Institutional Shareholder Services Inc. (ISS), Glass Lewis & Co. (GL) and Ownership Matters Pty. Ltd. (Ownership Matters), three leading proxy advisory firms, have all recommended that shareholders of Teranga Gold Corp. (TSX: TGZ)(ASX: TGZ) vote FOR the proposed acquisition of Oromin Explorations Ltd ("Oromin") and FOR management's director nominees up for election at the upcoming annual and special meeting on July 18, 2013.
Oromin Mails Directors' Circular and Advises Shareholders to Take No Action at This Time
Marketwire - Thu Jul 04, 12:09PM CDT
Oromin Explorations Ltd. (the "Company" or "Oromin") (TSX: OLE)(OTCBB: OLEPF) announces that it has mailed its directors' circular (the "Directors' Circular") in response to the unsolicited offer (the "Teranga Offer") from Teranga Gold Corporation ("Teranga") to acquire all of the issued and outstanding common shares of Oromin (the "Oromin Shares") (other than Oromin Shares already owned by Teranga), for consideration of 0.582 of a common share of Teranga for each Oromin Share held and upon the other terms and subject to the conditions set forth in the Teranga Offer.
Oromin Announces Change of Date for Annual & Special Meeting of Shareholders
Marketwire - Wed Jul 03, 1:39PM CDT
Oromin Explorations Ltd. (TSX: OLE)(OTCBB: OLEPF) (the "Company") announced today that the Annual and Special Meeting of Shareholders of the Company that was to be held on July 17, 2013 at 10:00 a.m. (Pacific Time) will be postponed to Wednesday, July 31, 2013 at 11:00 a.m. (Pacific Time). The location of the meeting will remain at the Oceanic Plaza Meeting Room - Pender Level, 1035 West Pender Street, Vancouver, British Columbia.
Teranga Files Amended and Restated Management Proxy Circular
Marketwire - Mon Jun 24, 7:07PM CDT
Teranga Gold Corporation ("Teranga") (TSX: TGZ)(ASX: TGZ) announced today that it has mailed and filed on SEDAR and the ASX an amended and restated management proxy circular for the upcoming annual and special meeting of shareholders of Teranga to be held on July 18, 2013.
Oromin Responds to Unsolicited Offer
Marketwire - Thu Jun 20, 4:37PM CDT
Oromin Explorations Ltd. (the "Company" or "Oromin") (TSX: OLE)(OTCBB: OLEPF) acknowledges the announcement made on June 19, 2013 by Teranga Gold Corporation ("Teranga") of its commencement of an unsolicited bid (the "Offer") for all of the issued and outstanding common shares of Oromin that it currently does not own.
Teranga Announces Formal Offer to Acquire Oromin Explorations Ltd.
CNW Group - Wed Jun 19, 10:21PM CDT
TSX Trading Symbol: TGZ ASX Trading Symbol: TGZ
Bendon International Ltd. strongly opposes the proposed unsolicited offer by Teranga Gold Corporation to acquire Oromin Explorations Ltd.
CNW Group - Tue Jun 11, 1:32PM CDT
Bendon International Ltd. ("Bendon") announced today that it strongly opposes the proposed unsolicited offer (the "Offer") by Teranga Gold Corporation ("Teranga"), announced June 3, 2013, to acquire the outstanding shares of Oromin Explorations Ltd. ("Oromin"). Bendon is a 43.5% shareholder in Oromin Joint Venture Group, Ltd. ("OJVG"). If the Offer is successful, Teranga would control Oromin's 43.5% ownership interest in the OJVG through Oromin's wholly-owned subsidiary Sabodala Holding Limited ("Sabodala"). The OJVG is Oromin's principal asset.
Teranga Announces New Annual General and Special Meeting Date
Marketwire - Fri Jun 07, 5:08PM CDT
Teranga Gold Corporation ("Teranga" or the "Company") (TSX: TGZ)(ASX: TGZ) announced today that its annual general and special meeting originally scheduled for June 26, 2013 will now be held on July 18, 2013 (the "Meeting").
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