On August 30, at distinct and special meetings of shareholders of Distinction Energy Corp. and Kiwetinohk Energy Corp., shareholders of each company voted by a margin of more than 99.9 percent in favor a business combination agreement. The Alberta Court of Queen’s Bench approved the merger following the meetings.
The new company is named Kiwetinohk Energy Corp., is headquartered in Calgary, Alberta, Canada and operates energy production in Alberta.
Kiwetinohk Resources Completes Strategic Combination With Distinction Energy To Form Kiwetinohk Energy
Kiwetinohk Energy Corp. is pleased to announce that it has emerged, as prescribed, from the closure of the business combination of Kiwetinohk Resources Corp. and Distinction Energy Corp. The Business Combination creates a larger, more efficient and diversified integrated energy company that is positioned to compete in the transition of energy sources with lower associated emissions of greenhouse gases. The Corporation will now operate as Kiwetinohk Energy Corp.