Gear Energy Ltd. Announces Completion of Previously Announced Plan of Arrangement and Transfer of Assets to Newly Formed Lotus Creek Exploration Inc. | GENGF Stock News

Gear Energy Ltd. has completed its previously announced plan of arrangement, transferring its assets to Lotus Creek Exploration Inc. Following the acquisition, Gear's shares will be delisted from the TSX, while Lotus Creek shares are set to begin trading on the TSXV on February 11, 2025. Gear shareholders can choose between cash or shares in Lotus Creek, with adjustments due to high cash election exceeding the maximum available. Shareholders must submit their shares and election forms to receive their entitlements.