Journey will repurchase for cancellation 12.7 mm common shares from MIE Maple Investments Limited, the company’s largest shareholder, at a price of $1.68/sh. Subsequent to closing on February 2, 2018, MIE will retain 3.7 mm of Journey’s pro-forma 38.5 mm outstanding shares. Concurrent with the $21.3 mm share repurchase above, Journey has announced, through private placement with AIMCo, the issuance of 22,000 units for gross proceeds of $22 mm. Each unit is comprised of 1 $1,000 pr
23 Jan 2018
Repurchases 24.8% of outstanding common shares; announces Duvernay land position
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Repurchases 24.8% of outstanding common shares; announces Duvernay land position
Journey Energy, Inc. (JOY:TSE) | 0 0 -0.6% | Mkt Cap: 89.2m
- Published:
23 Jan 2018 -
Author:
Robert Fitzmartyn -
Pages:
6
Journey will repurchase for cancellation 12.7 mm common shares from MIE Maple Investments Limited, the company’s largest shareholder, at a price of $1.68/sh. Subsequent to closing on February 2, 2018, MIE will retain 3.7 mm of Journey’s pro-forma 38.5 mm outstanding shares. Concurrent with the $21.3 mm share repurchase above, Journey has announced, through private placement with AIMCo, the issuance of 22,000 units for gross proceeds of $22 mm. Each unit is comprised of 1 $1,000 pr