May 15 (Reuters) - MEG Energy Corp ( MEGEF ):

* STRATHCONA RESOURCES LTD ( STHRF )- UPON COMPLETION , STRATHCONA

EXPECTS

TO HAVE ABOUT 379 MILLION STRATHCONA SHARES OUTSTANDING AND

ABOUT $1.5 BILLION IN NET DEBT (CORRECTS SOURCE)

* STRATHCONA RESOURCES LTD. ( STHRF ) ANNOUNCES INTENTION TO COMMENCE

TAKE-OVER BID TO ACQUIRE MEG ENERGY CORP.

* STRATHCONA RESOURCES LTD ( STHRF ) - OFFER INCLUDES 0.62 STRATHCONA

SHARE

AND $4.10 CASH PER MEG SHARE

* STRATHCONA RESOURCES LTD ( STHRF ) - OFFER VALUED AT $23.27 PER MEG

SHARE

WITH 9.3% PREMIUM

Source text:

Further company coverage: [MEG.TO SCR.TO]