Welcome!

News Feed Item

Oberndorf Entities Announce Acquisition of Shares in Spartan Oil Corporation

TORONTO, Dec. 13, 2012 /CNW/ - William E. and Susan C. Oberndorf Trust dated 10/19/1998, Oberndorf Family Partners and William E. Oberndorf IRA (the "Oberndorf Entities") announced today that as a result of purchases over the Toronto Stock Exchange, they have acquired an aggregate of 8,417,000 common shares of Spartan Oil Corporation ("Spartan Oil"), representing approximately 10.09% of the issued and outstanding common shares of Spartan Oil (based on a total of 83,393,796 common shares issued and outstanding).

William E. Oberndorf is the sole general partner of Oberndorf Family Partners, a family partnership, trustee for the William E. and Susan C. Oberndorf Trust dated 10/19/1998 and beneficial owner of the IRA account.  As such, William E. Oberndorf may be considered to exercise control or direction over the common shares owned by the Oberndorf Entities.

The Oberndorf Entities acquired the common shares for investment purposes.  Consistent with such purpose, the Oberndorf Entities have had, and may have in the future, discussions with management of Spartan Oil and may make suggestions concerning Spartan Oil's operations, prospects, business and financial strategies, assets and liabilities, business and financing alternatives and such other matters as the Oberndorf Entities may deem relevant to their investments in the common shares and other securities of Spartan Oil.  Each of the Oberndorf Entities expects that it will, from time to time, review its investment position in Spartan Oil and may, depending on market and other conditions, including, but not limited to,  the state of the current acquisition transaction for Spartan Oil, increase or decrease its investment position in the common shares or other securities of Spartan Oil.

Whether the Oberndorf Entities acquire any additional common shares or other securities of Spartan Oil or dispose of any common shares or other securities of Spartan Oil, and the amount and timing of any such transactions, will depend upon the Oberndorf Entities' individual continuing assessments of pertinent factors, including, but not limited to, the state of the current acquisition transaction for Spartan Oil, the availability of common shares or other securities of Spartan Oil for purchase at particular price levels, Spartan Oil's and the particular Oberndorf Entity's business and prospects, other business investment opportunities available to the particular Oberndorf Entity, economic conditions, stock market conditions, money market conditions, the attitudes and actions of the board of directors and management of Spartan Oil, the availability and nature of opportunities to dispose of the particular Oberndorf Entity's interest in Spartan Oil, to realize trading profits or minimize trading losses, and other plans and requirements of the particular Oberndorf Entity.  Depending upon its individual assessments of these factors from time to time, each Oberndorf Entity may change its present intentions as stated above, including determining to acquire additional common shares or other securities of Spartan Oil (by means of open market or privately negotiated purchases) or to dispose of some or all of the common shares or other securities of Spartan Oil held by or under the control of such Oberndorf Entity.  In addition, each Oberndorf Entity may from time to time enter into equity swap or other derivative transactions with respect to its investment in the common shares or other securities of Oberndorf.

William Oberndorf will be filing a report (as contemplated by National Instrument 62-103 - The Early Warning System and Related Takeover Bid and Insider Reporting Issues) in connection with the acquisition of the Spartan Oil common shares. 


SOURCE William E. Oberndorf

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Cloud applications are seeing a deluge of requests to support the exploding advanced analytics market. “Open analytics” is the emerging strategy to deliver that data through an open data access layer, in the cloud, to be directly consumed by external analytics tools and popular programming languages. An increasing number of data engineers and data scientists use a variety of platforms and advanced analytics languages such as SAS, R, Python and Java, as well as frameworks such as Hadoop and Spark...
Cloud promises the agility required by today’s digital businesses. As organizations adopt cloud based infrastructures and services, their IT resources become increasingly dynamic and hybrid in nature. Managing these require modern IT operations and tools. In his session at 20th Cloud Expo, Raj Sundaram, Senior Principal Product Manager at CA Technologies, will discuss how to modernize your IT operations in order to proactively manage your hybrid cloud and IT environments. He will be sharing bes...
Join us at Cloud Expo June 6-8 to find out how to securely connect your cloud app to any cloud or on-premises data source – without complex firewall changes. More users are demanding access to on-premises data from their cloud applications. It’s no longer a “nice-to-have” but an important differentiator that drives competitive advantages. It’s the new “must have” in the hybrid era. Users want capabilities that give them a unified view of the data to get closer to customers and grow business. The...
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, paneli...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business...
SYS-CON Events announced today that GrapeUp, the leading provider of rapid product development at the speed of business, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market acr...
SYS-CON Events announced today that Ayehu will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara California. Ayehu provides IT Process Automation & Orchestration solutions for IT and Security professionals to identify and resolve critical incidents and enable rapid containment, eradication, and recovery from cyber security breaches. Ayehu provides customers greater control over IT infras...
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...