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Friday, 10/28/2011 2:17:52 AM

Friday, October 28, 2011 2:17:52 AM

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Owner of Pinnacle Gas Resources, via Scotia Waterous?

SHERIDAN, Wyo., Feb 24/PRNewswire-FirstCall/ -- Pinnacle Gas Resources, Inc. (Nasdaq: PINN) announced today that it has entered into a definitive agreement pursuant to which an investor group will acquire Pinnacle in an all cash transaction for $0.34 per share of common stock, representing a premium of approximately 28% to Pinnacle’s closing share price of $0.265 on February 23, 2010. The investor group is led by Scotia Waterous (USA) Inc. and includes certain members of Pinnacle’s management team. Upon consummation of the merger, the common stock of Pinnacle will no longer be publicly owned or publicly traded.

Scotia Waterous, a division of the Bank of Nova Scotia, was an adviser to 124 mergers and acquisitions valued at $102bn between
2006 and 2010.

Day Range:
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Total Trades:
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  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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