Exchange Bulletin
Saturn Oil & Gas Inc. (SOIL, SOIL.WT.A, SOI) To Trade On Toronto Stock Exchange
June 13, 2023
Issuer: Saturn Oil & Gas Inc. (the "Company")
| Security: | Symbol | Issued and Outstanding Securities | Reserved Securities | Trading Currency |
|---|---|---|---|---|
| Common shares ("Shares") | SOIL | 138,633,786 | 49,533,463 | CDN$ |
| Warrants ("Series A Warrants") | SOIL.WT.A | 6,871,000 | 0 | CDN$ |
| Warrants ("Series B Warrants") | SOIL.WT.B | 13,663,716 | 0 | CDN$ |
| Listing category: | Oil and Gas, Exempt Issuer |
| Listing and posted for trading date: | June 15, 2023 (at the opening) |
| Other market(s): | The Shares have been listed on TSX Venture Exchange ("TSXV") in their current form since August 7, 2018 under the symbol "SOIL". The Series A Warrants have been listed on the TSXV since March 18, 2022 under the symbol "SOIL.WT.A". The Series B Warrants have been listed on the TSXV since July 8, 2022 under the symbol "SOIL.WT.B". The aforementioned securities will be delisted from TSXV on June 15, 2023 upon commencement of trading on Toronto Stock Exchange. The Shares are also listed for trading on the Frankfurt Stock Exchange under the symbol "SMKA" and on the OTCQX Best Market under the symbol "OILSF". |
| Temporary market maker: | Citadel Securities Canada ULC |
| Investor relations: | John Jeffrey Chief Executive Officer (587) 392-7903 jjeffrey@saturnoil.com -OR- Kevin Smith VP Corporate Development (587) 392-7900 ksmith@saturnoil.com |
| Incorporation: | Business Corporations Act, 2021 (Saskatchewan) |
| Fiscal year end: | December 31 |
| Nature of business: | The Company is a growth-oriented oil and gas company focused on the acquisition and development of undervalued, low risk assets. The Company is involved in the production, exploration and development of its oil and gas assets in Alberta and also in southeast and west-central Saskatchewan. |
| Transfer agent and registrar: | Computershare Trust Company of Canada ("Computershare") at its principal office in Vancouver for the Shares, and at its principal office in Calgary for the Series A Warrants and Series B Warrants. |
| Dividends: | The Company has not declared or paid any dividends on its Shares. Any decision to pay dividends on the Shares in the future will be made by the Board of Directors on the basis of the Company's earnings, financial requirements and other conditions existing at such future time. |
| Sponsorship: | Not applicable |
| Disclosure document: | Annual Information Form dated March 31, 2023, which is available at www.SEDAR.com. |
Principal terms of the Series A Warrants
| Symbol: | SOIL.WT.A |
| Exercise price: | $4.00 |
| Expiry: | March 10, 2025 |
| Additional information: | Warrant indenture dated March 10, 2022 between the Company and Computershare |
Principal terms of the Series B Warrants
| Symbol: | SOIL.WT.B |
| Exercise price: | $3.20 |
| Expiry: | July 7, 2023 |
| Additional information: | Warrant indenture dated June 8, 2022 between the Company and Computershare. |
| TSX contact: | Anne Child, Managing Director, TSX Listings |
