WIT Shareholders Approve The Plan Of Arrangement With Parrish & Heimbecker, Limited
WEYBURN, February 28, 2014
Weyburn Inland Terminal Ltd. (“WIT”), announced today that at its special meeting of shareholders held earlier today (the “Meeting”), WIT shareholders approved the special resolution (the “Arrangement Resolution”) authorizing the plan of arrangement (the
“Arrangement”) with Parrish & Heimbecker, Limited (“P&H”). Pursuant to the terms of the
Arrangement, a wholly-owned subsidiary of P&H will acquire all of the outstanding common shares of
WIT for cash consideration of $17.25 per share. The Arrangement Resolution was approved by 79.79%
of the shares voted in person or represented by proxy at the Meeting.
The application to the Court of Queen’s Bench of Saskatchewan to obtain the final order approving the
Arrangement is scheduled for March 5, 2014. If court approval is obtained and the other conditions to
completion of the Arrangement are satisfied or waived, WIT expects that the Arrangement will be
completed during the week of March 10, 2014.
In order to receive the cash consideration payable on the completion of the Arrangement, registered
shareholders of WIT are required to complete, sign, date and return the letter of transmittal that was
mailed to all registered shareholders in connection with the Meeting. The letter of transmittal is also
available on SEDAR at www.sedar.com or upon request from WIT.
For beneficial shareholders whose shares are held through an intermediary, the cash consideration is
expected to be paid to the broker, trustee, financial institution, dealer, bank or trust company in whose
name the shares are registered on behalf of such beneficial shareholders. Beneficial shareholders should
contact their broker, trustee, financial institution, dealer, bank, trust company if they have any questions regarding this process.