Resaca Exploitation and Cano Petroleum File Form S-4 with Securities and Exchange Commission
October 28 2009 - 12:51PM
Business Wire
Resaca Exploitation, Inc. (AIM: RSX and RSOX) and Cano
Petroleum, Inc. (NYSE Amex: CFW) today announced that on Friday,
October 23, 2009, Resaca filed a Form S-4 with the Securities and
Exchange Commission. Once approved by the SEC, the Form S-4 will
serve as a prospectus for Resaca shareholders as well as a joint
proxy statement for both Resaca shareholders and Cano stockholders
to vote on the proposed merger of the two companies, in addition to
other matters to be voted on as discussed therein.
Those interested in reading the Form S-4 submission to the SEC
can find it at www.sec.gov under Resaca Exploitation, Inc. filings
or on Resaca’s website at www.resacaexploitation.com.
About Resaca
Resaca is an independent oil and gas development and production
company based in Houston, Texas. Resaca is focused on the
acquisition and exploitation of long-life oil and gas properties,
utilizing a variety of primary, secondary and tertiary recovery
techniques. Resaca’s current properties are located in the Permian
Basin of West Texas and Southeast New Mexico. Resaca trades on the
AIM under the ticker symbols RSOX and RSX. Additional information
is available at www.resacaexploitation.com.
About Cano
Cano Petroleum, Inc. is an independent Texas-based energy
producer with properties in the mid-continent region of the United
States. Led by an experienced management team, Cano’s primary focus
is on increasing domestic production from proven fields using
enhanced recovery methods. Cano trades on the NYSE Amex under the
ticker symbol CFW. Additional information is available at
www.canopetro.com.
Forward Looking Statements
Safe-Harbor Statement — Except for the historical information
contained herein, the matters set forth in this news release are
“forward-looking statements” within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. Resaca and Cano
intend that all such statements be subject to the “safe-harbor”
provisions of those Acts. Many important risks, factors and
conditions may cause the actual results to differ materially from
those discussed in any such forward-looking statement. These risks
include, but are not limited to, estimates or forecasts of
reserves, estimates or forecasts of production, future commodity
prices, exchange rates, interest rates, geological and political
risks, drilling risks, product demand, transportation restrictions,
the ability of Resaca or Cano to obtain additional capital, and
other risks and uncertainties described in the both companies’
filings with the Securities and Exchange Commission or with
Resaca’s filings with the AIM. The historical results achieved by
Resaca or Cano are not necessarily indicative of its future
prospects. Neither Resaca nor Cano undertakes any obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.
Additional Information and Where to Find It
This communication is being made in respect of the proposed
business combination involving Resaca and Cano. In connection with
the proposed transaction, Resaca and Cano have filed documents with
the SEC, including the filing by Resaca of a Registration Statement
on Form S-4 containing a Joint Proxy Statement/Prospectus, and plan
to (a) publish an admission document for the purpose of admitting
the issued common stock of the enlarged group to trading on AIM and
(b) file with AIM and the SEC other necessary documents regarding
the proposed transaction. Investors and security holders of Resaca
and Cano are urged to carefully read the Joint Proxy
Statement/Prospectus and AIM admission document (when available)
and other documents filed with AIM and the SEC by Resaca and Cano
because they will contain important information about the proposed
transaction. Investors and security holders may obtain free copies
of these documents (when they are available) and other documents
filed with the SEC by contacting Resaca Investor Relations at (713)
753-1441 or Cano Investor Relations at (817) 698-0900. Investors
and security holders may obtain free copies of the documents filed
with the SEC and published in connection with the admission to AIM
on Resaca’s website at www.resacaexploitation.com or Cano’s website
at www.canopetro.com. Information filed with the SEC will be
available on the SEC’s website at www.sec.gov. Resaca, Cano and
their respective directors and executive officers may be deemed
participants in the solicitation of proxies with respect to the
proposed transaction. Information regarding the interests of these
directors and executive officers in the proposed transaction will
be included in the Joint Proxy Statement/Prospectus and AIM
admission document described above. Additional information
regarding the directors and executive officers of Resaca is also
included in Resaca’s website. Additional information regarding the
directors and executive officers of Cano is also included in Cano’s
10-K Amendment, which was filed with the SEC on October 28,
2009.
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