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Waterous Energy Fund Announces Successful Take-Over Bid for Osum Oil Sands Corp., Commencement of Mandatory 10-Day Tender Extension Period, and Voluntary Resignation of Osum Directors and Officers

WEF ) and its subsidiary WEF Osum Acquisition Corp. (the
Offeror ) are pleased to announce that each of the conditions to the offer dated November 4, 2020, as amended, to acquire up to 57,000,000 common shares (
Osum Shares ) of Osum Oil Sands Corp. (
Osum ) at a price of $3.00 per share (the
Offer ) have been satisfied, including the condition prescribed by applicable securities laws that more than 50% of the Osum Shares not owned by WEF be tendered to the Offer.
A total of 45,747,068 Osum Shares were deposited and not withdrawn at the initial expiry time under the Offer, representing approximately 34% of the issued and outstanding Osum Shares. ....

New York , United States , British Columbia , Michael Buckingham , Andrew Kim , Steve Spence , Rickk Walsh , Victor Roskey , Rob Morgan , Adam Waterous , Osum Shares Of Oil Sands Corp , Osum Acquisition Corp , Waterous Energy Fund , Osum Oil Sands , Osum Shares , Extended Expiry Time , Day Extension , Extended Expiry , Chief Executive Officer , Chief Financial Officer , Chief Operating Officer , Peter Putnam , Vice President , Michael Makinson , Chief Financial , Information Agent ,