Carbon Energy Corp., which has operations in the Uinta Basin, will have a special shareholders meeting Oct. 28 for a vote on a proposed merger with Evergreen Resources Inc.
The meeting will be in Carbon's main offices in Denver.
Under the merger agreement, Carbon will merge with a subsidiary of Evergreen, and Carbon shareholders will receive 0.55 shares of Evergreen common stock for each outstanding share of Carbon common stock. As a result of the merger, Carbon will become a wholly owned subsidiary of Evergreen.
The boards of both companies have unanimously approved the merger agreement.
In addition to the Uinta Basin, Carbon has operations in Colorado and central Alberta.