Material Change Report
September 04 2009 - 2:51AM
UK Regulatory
TIDMAXC
RNS Number : 5340Y
Addax Petroleum Corporation
04 September 2009
FORM 51-102F3
Material Change Report
+--------------+--------------------------------------------------------------+
| Item 1 | Name and Address of Company |
+--------------+--------------------------------------------------------------+
| | Addax Petroleum Corporation ("Addax") |
| | 4300 Bankers Hall West |
| | 888 - 3rd Street S.W. |
| | Calgary, Alberta |
| | T2P 5C5 |
+--------------+--------------------------------------------------------------+
| Item 2 | Date of Material Changes |
| | |
+--------------+--------------------------------------------------------------+
| | August 27, 2009 |
+--------------+--------------------------------------------------------------+
| Item 3 | News Releases |
| | |
+--------------+--------------------------------------------------------------+
| | A news release was issued by Sinopec International Petroleum |
| | Exploration and Production Corporation ("Sinopec |
| | International") on August 27, 2009 and disseminated through |
| | the facilities of Canada Newswire. Copies of such news |
| | release is attached to this material change report as |
| | Schedule "A". |
+--------------+--------------------------------------------------------------+
| Item 4 | Summary of Material Changes |
| | |
+--------------+--------------------------------------------------------------+
| | On August 27, 2009, Sinopec International announced that |
| | additional common shares of Addax Petroleum Corporation |
| | ("Addax Petroleum") have been tendered to the offer (the |
| | "Offer") dated July 9, 2009, as extended, made by Mirror |
| | Lake Oil and Gas Company Limited ("Mirror Lake"), an |
| | indirect wholly-owned subsidiary of Sinopec International. |
| | Mirror Lake has taken up all such additional Addax Petroleum |
| | common shares as of the expiry of the Offer on August 27, |
| | 2009 and has now taken up an aggregate of 162,947,508 Addax |
| | Petroleum common shares, representing approximately 98.22% |
| | of the Addax Petroleum common shares on a diluted basis. |
+--------------+--------------------------------------------------------------+
| Item 5 | Full Description of Material Change |
| | |
+--------------+--------------------------------------------------------------+
| | On August 27, 2009, Sinopec International announced that |
| | additional common shares of Addax Petroleum Corporation |
| | ("Addax Petroleum") have been tendered to the offer (the |
| | "Offer") dated July 9, 2009, as extended, made by Mirror |
| | Lake Oil and Gas Company Limited ("Mirror Lake"), an |
| | indirect wholly-owned subsidiary of Sinopec International. |
| | Mirror Lake has taken up all such additional Addax Petroleum |
| | common shares as of the expiry of the Offer on August 27, |
| | 2009 and has now taken up an aggregate of 162,947,508 Addax |
| | Petroleum common shares, representing approximately 98.22% |
| | of the Addax Petroleum common shares on a diluted basis. |
| | See Schedule "A" attached to this material change report. |
+--------------+--------------------------------------------------------------+
| Item 6 | Reliance on subsection 7.1(2) or (3) of National Instrument |
| | 51-102 |
+--------------+--------------------------------------------------------------+
| | Not applicable. |
+--------------+--------------------------------------------------------------+
| Item 7 | Omitted Information |
| | |
+--------------+--------------------------------------------------------------+
| | No information has been omitted from this report on the |
| | basis that such information is confidential. |
+--------------+--------------------------------------------------------------+
| Item 8 | Executive Officer |
| | |
+--------------+--------------------------------------------------------------+
| | Mr. David Codd, Chief Legal Officer and Corporate Secretary |
| | of Addax is knowledgeable about the material change and may |
| | be reached at |
| | +41 22 702 9525. |
+--------------+--------------------------------------------------------------+
| Item 9 | Date of Report |
| | |
+--------------+--------------------------------------------------------------+
| | September 3, 2009 |
+--------------+--------------------------------------------------------------+
SCHEDULE "A"
Sinopec International Takes Up Additional Addax Petroleum Corporation Shares
August 27, 2009 - Sinopec International Petroleum Exploration and Production
Corporation ("Sinopec International") is pleased to announce that additional
common shares of Addax Petroleum Corporation ("Addax Petroleum") have been
tendered to the offer (the "Offer") dated July 9, 2009, as extended, made by
Mirror Lake Oil and Gas Company Limited ("Mirror Lake"), an indirect
wholly-owned subsidiary of Sinopec International. Mirror Lake has taken up all
such additional Addax Petroleum common shares as of the expiry of the Offer on
August 27, 2009 and has now taken up an aggregate of 162,947,508 Addax Petroleum
common shares, representing approximately 98.22% of the Addax Petroleum common
shares on a diluted basis.
Reader Advisory
This announcement is for informational purposes only and does not constitute or
form part of any offer or invitation to purchase, acquire, subscribe for, sell,
dispose of or issue, or any solicitation of an offer to sell, dispose, issue
purchase, acquire or subscribe for any security.
For further information, please contact any of the following:
Sinopec International Petroleum Exploration and Production Corporation:
Mr. Handong Rui
Email: hdrui@sipc.cn
This information is provided by RNS
The company news service from the London Stock Exchange
END
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