Zargon announced the sale of its Southeast Saskatchewan assets in what is the first transaction executed since initiating its strategic alternatives process. We view the transaction positively as the disposition was done at highly accretive metrics, and significantly reduces the Company’s outstanding debt position providing increased financial flexibility as the Company continues to work through its strategic alternatives process. Management provided an updated capital expenditure progr
27 Jul 2016
Announces Sale of Southeast Saskatchewan Assets
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Announces Sale of Southeast Saskatchewan Assets
- Published:
27 Jul 2016 -
Author:
Michael Hearn -
Pages:
7
Zargon announced the sale of its Southeast Saskatchewan assets in what is the first transaction executed since initiating its strategic alternatives process. We view the transaction positively as the disposition was done at highly accretive metrics, and significantly reduces the Company’s outstanding debt position providing increased financial flexibility as the Company continues to work through its strategic alternatives process. Management provided an updated capital expenditure progr