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Ontario pension fund buys stake in Chaparral Energy Inc. of Oklahoma City

by Adam Wilmoth Published: March 26, 2014
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“If we have our public offering, it’s good to have a long-term partnership with shareholders who won’t sell right away,” Evans said.

The buyer’s name was disclosed in a lawsuit Vested Capital Inc. filed this month in Oklahoma County District Court against Chaparral CEO Mark Fischer’s Fischer Investments LLC and 10 unnamed Chaparral investors.

Vested claims Chesapeake and Chaparral each agreed to pay it 2.75 percent of the selling price for finding a buyer, and that it has not been paid for the service.

Evans said the claims are unfounded.

“There’s been a suit by a New York investment banker that’s trying to take advantage of some of us Oklahomans,” he said.

“We don’t think there’s any merit at all to the suit or any of the claims. They did not represent Chaparral or the buyer. They should not have been paid by us.”

by Adam Wilmoth
Energy Editor
Adam Wilmoth returned to The Oklahoman as energy editor in 2012 after working for four years in public relations. He previously spent seven years as a business reporter at The Oklahoman, including five years covering the state's energy sector....
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