Spartan Energy Corp. announces C$1.4 billion strategic business combination with Vermilion Energy Inc.

Lead Office

Calgary

Value

1.40 Billion CAD

On April 16, 2018, Spartan Energy Corp. (“Spartan”) announced that it has entered into an arrangement agreement (the “Arrangement”) with Vermilion Energy Inc. (“Vermilion”) whereby Vermilion will acquire all the issued and outstanding common shares of Spartan for approximately C$1.4 billion. Through the Arrangement, Spartan shareholders will continue to benefit from the Spartan asset base in southeast Saskatchewan while gaining exposure to Vermilion’s high quality, internationally diversified oil and gas portfolio.

The Board of Directors of Spartan and Vermilion have unanimously approved the Arrangement and recommended that Spartan shareholders vote in favour of the Arrangement. The Arrangement remains subject to customary closing conditions, including receipt of applicable court, Spartan shareholder, TSX and NYSE, and other regulatory approvals, and is expected to close on or about May 28, 2018.

Spartan is an oil and gas company based in Calgary, Alberta.

McCarthy Tétrault LLP is advising Spartan with a team led by Sony Gill that includes Gordon Cameron, Farhiyah Shariff and Benjamin Layton (Business), TJ Kang and Jeremy Ho (Tax), Douglas Yoshida and Lyndsey Delamont (Litigation), Jonathan Bitran and Rick Pawluk (Competition).

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