LNG Energy completes acquisition of Enterprise Energy Resources

On August 20, 2013, LNG Energy Ltd (LNG) and Enterprise Energy Resources Ltd (Enterprise) announced the completion of the acquisition of Enterprise by LNG (the Acquisition). Under the terms of the Acquisition, LNG issued 238,633,975 common shares in exchange for all of the 47,726,795 issued and outstanding common shares of Enterprise, on the basis of five LNG shares for each whole Enterprise share. Fasken Martineau was counsel to Enterprise Energy Resources with a team which included Iain Mant, Steve Saville and Michael Hobkirk (M&A).