BRS Gas has taken up all such shares, which represent approximately 97.7% of the common shares of Duvernay on a fully-diluted basis, and will pay for these shares on or before August 27, 2008.
Shell Canada first announced its intention to make the offer on July 14, 2008 and BRS Gas mailed its takeover bid circular to the shareholders of Duvernay on July 17, 2008.
As a result, Shell Canada, through its wholly owned subsidiary BRS Gas, has now declared its offer to acquire the common shares of Duvernay to be wholly unconditional.
