BRIEF-Hammerhead Energy Inc. Enters Into Agreement To Be Acquired By Crescent Point Energy Corp.

Crescent Point Energy Corp: * HAMMERHEAD ENERGY INC. ENTERS INTO AGREEMENT TO BE ACQUIRED BY CRESCENT POINT ENERGY CORP.

* CRESCENT POINT ENERGY CORP: PROPOSED DEAL FOR TOTAL CONSIDERATION OF C$21.00 PER HAMMERHEAD SHARE * CRESCENT POINT ENERGY CORP - AGREED TO PAY A TERMINATION FEE OF C$85 MILLION TO HAMMERHEAD IF ARRANGEMENT AGREEMENT IS TERMINATED IN CERTAIN CIRCUMSTANCES

* CRESCENT POINT: EACH HAMMERHEAD SHARE WILL BE EXCHANGED FOR C$15.50 OF CASH & C$5.50 IN VALUE OF CO'S SHARES * CRESCENT POINT ENERGY CORP - HAMMERHEAD HAS ALSO GRANTED CRESCENT POINT A RIGHT-TO-MATCH ANY SUPERIOR PROPOSAL

* CRESCENT POINT ENERGY- HAMMERHEAD TO PAY A TERMINATION FEE OF C$85 MILLION TO CO IF ARRANGEMENT AGREEMENT IS TERMINATED IN CERTAIN CIRCUMSTANCES Source text for Eikon: Further company coverage: