This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Equal Energy Enters Into Settlement Agreement With Shareholders

CALGARY, Alberta, March 19, 2013 /PRNewswire/ - Equal Energy Ltd. (TSX: EQU) (NYSE: EQU) today announced a settlement with Mr. Nawar Alsaadi and Dr. Adam Goldstein resolving previous disagreements.

As disclosed in a press release dated January 24 2013, Equal filed a suit against Mr. Alsaadi and Dr. Goldstein for allegedly violating United States securities laws and certain publications and statements they made concerning their views about Equal and its management. Pursuant to the settlement agreement, without admitting or conceding liability or wrongdoing, the shareholders have agreed to remove those publications and refrain from publishing or republishing other similar material.  As a result, Equal will withdraw the pending suit.

Don Klapko, Equal's President and Chief Executive Officer, said: "This settlement enables Equal's board to move forward on governance priorities and for management to fully concentrate on building value for all shareholders with our balanced, prudent approach. We would like to thank our shareholders for their continued support."

About Equal Energy: Equal Energy is an oil and gas exploration and production company based in Calgary, Alberta, with its United States operations office located in Oklahoma City, Oklahoma. Our common shares and convertible debentures are listed on the Toronto Stock Exchange under the symbols (EQU, EQU.DB.B), and our common shares are listed on the New York Stock Exchange under the symbol (EQU). Our oil and gas assets are centered on the Hunton liquids-rich natural gas property in Oklahoma.

SOURCE Equal Energy Ltd.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG

Markets

DOW 18,285.74 +0.34 0.00%
S&P 500 2,130.82 +4.97 0.23%
NASDAQ 5,090.7940 +19.0510 0.38%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs