Waterous Energy Fund Addresses Osum s Press Release and Reaffirms Strong Shareholder Support
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CALGARY, AB, Feb. 3, 2021 /PRNewswire/ - Waterous Energy Fund ( WEF ) addresses the continued efforts taken by Osum Oil Sands Corp. ( Osum , or the Company ) to obstruct the ability of Osum s shareholders to achieve liquidity through WEF s offer (the Bid , or the Offer ) as outlined in Osum s press release on February 1, 2021.
WEF Reaffirms the Strong Shareholder Support It Has Received
Shareholder support for WEF s bid has increased since the ruling of the Alberta Securities Commission ( ASC ) dismissing Osum s application to cease trade the Bid. As of February 3, shareholders holding more than 50% of the outstanding shares not owned by WEF have either tendered their shares, submitted their shares to their brokers for bulk tendering, or expressed an intention to tender, including approximately 40% who signed binding support ag