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.
We recently mailed to you a Notice of Meeting, a related Management Information Circular dated February 5, 2014 (the “WIT Circular”) and other items, including a Yellow form of proxy. We are looking forward to the decision of informed WIT shareholders at WIT’s special meeting to be held on February 28, 2014 (the "Special Meeting") regarding the proposed plan of arrangement as described in the WIT Circular. If you cannot attend, please be sure to send in your completed Yellow proxy. Your vote is important. Any questions regarding the Yellow proxy or other forms in the package you received from WIT can be directed to Shorecrest Group, at 1-888-637-5789.