There is no assurance that Forest will make an application to the CRA to have the spin-off be a tax-free transaction in Canada for Canadian resident shareholders or that the CRA will determine that the spin-off qualifies for tax-free treatment in Canada. If Forest makes such an application and the CRA determines to allow the spin-off to be tax-free, notice of the CRA’s determination with respect to the spin-off will be available under the Investor Relations tab on Forest’s website at www.forestoil.com and Lone Pine’s website at www.lonepineresources.com. Canadian resident shareholders of Forest are advised to consult their own tax advisors concerning the particular tax consequences of the distribution to them including the application of federal, provincial, and foreign tax laws. The information statement will contain additional details on the Canadian federal income tax consequences of the distribution.FORWARD-LOOKING STATEMENTS
Forest Oil Announces Final Distribution Ratio For Special Stock Dividend To Shareholders
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