Tourmaline announced an agreement to acquire Mapan Energy via Plan of Arrangement, issuing ~2.7 mm shares (0.0379x TOU shares per
MPG share) and assuming a positive working capital position of ~$16.1 mm (~83% cash and cash equivalents), in a deal valued at ~$92.9 mm
net of closing costs.
30 Jun 2015
Tourmaline Announces Intent to Acquire Mapan Energy
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Tourmaline Announces Intent to Acquire Mapan Energy
Tourmaline Oil Corp. (TOU:TSE) | 0 0 2.9% | Mkt Cap: 5,137m
- Published:
30 Jun 2015 -
Author:
Robert Fitzmartyn -
Pages:
7
Tourmaline announced an agreement to acquire Mapan Energy via Plan of Arrangement, issuing ~2.7 mm shares (0.0379x TOU shares per
MPG share) and assuming a positive working capital position of ~$16.1 mm (~83% cash and cash equivalents), in a deal valued at ~$92.9 mm
net of closing costs.