We are providing a revised forecast subsequent to a research restriction period following Gear’s $20.1 mm equity financing, issuing ~28.8 mm shares at $0.70/ sh concurrent with its announcement of its intent to acquire Striker Exploration Ltd., a smaller public corporate entity with assets in central Alberta, via a plan of arrangement that we value at ~$67 mm. Citing a markedly improved financial position, a compelling valuation and the resumption of its E&D efforts in 2H16e, we are
07 Jul 2016
Acquires Striker Exploration Corp
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Acquires Striker Exploration Corp
Gear Energy Ltd. (GXE:TSE) | 0 0 0.0% | Mkt Cap: 154.0m
- Published:
07 Jul 2016 -
Author:
Robert Fitzmartyn -
Pages:
10
We are providing a revised forecast subsequent to a research restriction period following Gear’s $20.1 mm equity financing, issuing ~28.8 mm shares at $0.70/ sh concurrent with its announcement of its intent to acquire Striker Exploration Ltd., a smaller public corporate entity with assets in central Alberta, via a plan of arrangement that we value at ~$67 mm. Citing a markedly improved financial position, a compelling valuation and the resumption of its E&D efforts in 2H16e, we are