Premium to market stated

MEG Energy Recommends that Shareholders Reject the Revised Strathcona Offer;

M&A · Alberta · Energy — upstream · Court hearing scheduled · In court · 15 Sep 2025

(Calgary Time) on October 7, 2025 (or if the Meeting is adjourned or postponed, no later than 4:30 p.m.

cash consideration $27.25 (per MEG Share)
consideration form cash and shares
premium to market 30% (its NAV)
price per security $28.18 (per share)

Consideration $8.20B

Opened 07 Oct 2025

BMO Capital Markets (financial advisor); Burnet, Duckworth & Palmer LLP (legal advisor); RBC Capital Markets (financial advisor); Norton Rose Fulbright Canada LLP (legal advisor)

“The Cenovus Transaction provides MEG Shareholders with choice to elect their preferred form of consideration and is to be completed by way of a plan of arrangement under the Business Corporations Act ( Alberta ) where each MEG Shareholder will be entitled to elect to receive: i. $27.25 in cash per MEG Share; or ii.”

“Unlike the Revised Strathcona Offer, the Cenovus Transaction offers MEG Shareholders either the combination of cash and shares, or the option to choose their preferred form of consideration.”

“Third party research notes that Strathcona is "trading at a ~30% premium to its NAV, versus the median E&P in our coverage trades at a discount" 1 and, as of September 12, 2025 , the median target price of Strathcona Shares among equity research analysts covering Strathcona was below the market-observed trading price of Strathcona Shares.”

“Reaffirms Support for the Cenovus Transaction (CNW Group/MEG Energy Corp.) On August 22, 2025 , MEG announced it had entered into an arrangement agreement (the "Arrangement Agreement") with Cenovus Energy Inc. (TSX: CVE ) (NYSE: CVE) ("Cenovus") under which Cenovus will acquire all of the issued and outstanding MEG Shares in a transaction that values MEG at $28.18 per share on a fully prorated basis at Cenovus's closing share price on September 12, 2025 , representing an enterprise value of approximately $8.2 billion , including assumed debt (the "Cenovus Transaction").”

• MEG Energy Recommends that Shareholders Reject the Revised Strathcona Offer;

SSC SECURITY SERVICES TO GO PRIVATE IN ALL-CASH TRANSACTION WITH ALLIED UNIVERSAL, WORLD'S LARGEST SECURITY…

M&A · Saskatchewan · Unclassified · Announced · 26 May 2026

SSC Security Services Corp. (TSXV: SECU ) (US: SECUF) (" SSC " or the " Company ") and Universal Protection Service, LP (operating as Allied Universal) (and together with its wholly-owned subsidiary acting as purchaser, " Allied Universal ") today announce that they have entered into a definitive arrangement agreement signed and dated May 26, 2026 (the " Arrangement Agreement ") pursuant to which…

break fee $3 million
cash consideration $4.4075 (per SSC Share)
consideration form all cash
premium to market 119% (closing price of SSC Shares on the TSX Venture Exchange)
premium to market 35% (highest price at which the company has ever traded as a secu)
premium to market 86% (VWAP of the SSC Shares on the TSXV over the last full year o)

Consideration $80.5MM

Sequeira Partners Inc (financial advisor); McKercher LLP (legal advisor); Burnet, Duckworth & Palmer LLP (legal advisor)

“In addition, the Arrangement Agreement provides for a termination fee of $3 million payable by SSC if it accepts a superior proposal and in certain other specified circumstances.”

“Under the terms of the Arrangement, each holder of SSC Shares (the " SSC Shareholders ") will receive cash consideration of $4.4075 for each SSC Share held (the " Consideration "), representing aggregate consideration of approximately $80,500,000 on a fully diluted basis.”

“SSC SECURITY SERVICES TO GO PRIVATE IN ALL-CASH TRANSACTION WITH ALLIED UNIVERSAL, WORLD'S LARGEST SECURITY COMPANY, WITH CONCURRENT MANAGEMENT BUY-OUT SSC Security Services Corp. (TSXV: SECU ) (US: SECUF) (" SSC " or the " Company ") and Universal Protection Service, LP (operating as Allied Universal) (and together with its wholly-owned subsidiary acting as purchaser, " Allied Universal ") today announce that they have entered into a definitive arrangement agreement signed and dated May 26, 2026 (the " Arrangement Agreement ") pursuant to which Allied Universal will acquire all of the issued ”

“The Consideration represents an approximately 119% premium to the closing price of SSC Shares on the TSX Venture Exchange (" TSXV ") on May 25, 2026, being the last trading day prior to the date of this announcement, and an approximately 86% premium to the VWAP of the SSC Shares on the TSXV over the last full year of trading.”

“The price achieved in this deal is at a 119% premium to the current market but is also a more than a 35% premium to the highest price at which the company has ever traded as a security company" said Doug Emsley, Chairman & CEO of SSC.”

“The Consideration represents an approximately 119% premium to the closing price of SSC Shares on the TSX Venture Exchange (" TSXV ") on May 25, 2026, being the last trading day prior to the date of this announcement, and an approximately 86% premium to the VWAP of the SSC Shares on the TSXV over the last full year of trading.”

• SSC SECURITY SERVICES TO GO PRIVATE IN ALL-CASH TRANSACTION WITH ALLIED UNIVERSAL, WORLD'S LARGEST SECURITY…

Aurion Resources Ltd. / AGNICO EAGLE

M&A · Newfoundland & Labrador · Mining & metals · Announced · 20 Apr 2026

Aurion Resources Ltd. (TSXV: AU ) (OTCQX: AIRRF) ("Aurion") is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") pursuant to which Agnico Eagle Mines Limited (TSX: AEM ) NYSE: AEM) ("Agnico Eagle") has agreed to acquire all of the issued and outstanding common shares of Aurion (the "Aurion Shares"), other than the Aurion Shares currently…

break fee C$21 million
consideration form all cash
premium to market 45%
premium to market 46%

Consideration $481MM

Stifel Canada (financial advisor); Haywood (financial advisor); Graham Scott Law Corporation (legal advisor); WeirFoulds LLP (legal advisor); Edgehill Advisory Ltd (financial advisor); TD Securities Inc (financial advisor); Davies Ward Phillips & Vineberg LLP (legal advisor)

“In addition, the Arrangement Agreement provides for a termination fee of C$21 million payable by Aurion if it accepts a superior proposal and in certain other specified circumstances.”

“AGNICO EAGLE TO ACQUIRE AURION RESOURCES IN ALL-CASH TRANSACTION FOR APPROXIMATELY C$481 MILLION Aurion Resources Ltd. (TSXV: AU ) (OTCQX: AIRRF) ("Aurion") is pleased to announce that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") pursuant to which Agnico Eagle Mines Limited (TSX: AEM ) NYSE: AEM) ("Agnico Eagle") has agreed to acquire all of the issued and outstanding common shares of Aurion (the "Aurion Shares"), other than the Aurion Shares currently held by Agnico Eagle, by way of a statutory plan of arrangement under the Business Corporations Act (Br”

“The Consideration represents approximately a 46% premium based on the closing price of the Aurion Shares on the TSX Venture Exchange (the "TSXV") on April 17, 2026, and approximately a 45% premium based on the 20-day volume-weighted average price ("VWAP") of the Aurion Shares as at that date.”

“The Consideration represents approximately a 46% premium based on the closing price of the Aurion Shares on the TSX Venture Exchange (the "TSXV") on April 17, 2026, and approximately a 45% premium based on the 20-day volume-weighted average price ("VWAP") of the Aurion Shares as at that date.”

• AGNICO EAGLE TO ACQUIRE AURION RESOURCES IN ALL-CASH TRANSACTION FOR APPROXIMATELY C$481 MILLION