Compton Acquires WIN Energy

Compton Petroleum Corporation and WIN Energy Corporation have jointly announced the previously announced acquisition by way of a statutory plan of arrangement under the Business Corporations Act (Alberta).

Under the deal, Compton will acquire all of the issued and outstanding common shares of WIN for cash consideration of 45 cents per common share and all of the issued and outstanding warrants of WIN for cash consideration of one cent per warrant, for a total of approximately $30 million. As a result of the completion of the arrangement, WIN has become a wholly-owned subsidiary of Compton.

Compton intends to cause WIN to apply to delist the WIN common shares from the TSX Venture Exchange and to cause WIN to cease to be a reporting issuer under applicable Canadian securities legislation as soon as reasonably practicable.