Burlington Extends Bid for Canadian Hunter
|Friday, November 16, 2001
Burlington Resources Inc. and Canadian Hunter Exploration Ltd. announced that the Investment Canada Agency has advised Burlington that it will not be able to complete its review of Burlington's application under the Investment Canada Act relating to the acquisition of Canadian Hunter prior to November 20, 2001, the date of expiry of Burlington's outstanding offer. Burlington intends to extend its outstanding takeover bid for the common shares of Canadian Hunter to December 3, 2001 in order to accommodate the full 45 day review period provided by the Investment Canada Act and will be mailing a notice of extension to Canadian Hunter shareholders.
The board of directors of Canadian Hunter has unanimously recommended that shareholders of Canadian Hunter accept the offer.