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Client Work

Peninsula Resources completes plan of arrangement with Zodiac Exploration

Fasken
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Client

Peninsula Resources

On September 28, 2010, Peninsula Resources Ltd. (TSX VENTURE:PNU.H) and Zodiac Exploration Corp. completed their previously announced plan of arrangement, in which Peninsula acquired all of the issued and outstanding shares of Zodiac. Under the Arrangement, former Zodiac common shareholders received 1.45 Peninsula common shares, with certain resale restrictions, for each Zodiac common share held and 1.45 Peninsula common shares for each Zodiac Class "A" Share held. Peninsula was advised in this transaction by a team from Fasken Martineau that included Iain Mant, Susan McLeod, Steve Saville and Samuel Li.

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