Impact: Positive, especially in light of the 40% decline in Cathedral's share price over the prior five trading days. Cathedral has initiated a strategic review process to consider different avenues for creating shareholder value, which could include capital raising (debt or equity), the sale of the Company, divestitures, mergers or joint venture or partnership transactions. The Company does not intend to provide any updates on the strategic review process until there is a formal announcement
29 Aug 2016
ANNOUNCES STRATEGIC REVIEW PROCESS AND CREDIT FACILITY UPDATE
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ANNOUNCES STRATEGIC REVIEW PROCESS AND CREDIT FACILITY UPDATE
Cathedral Energy Services Ltd. (CET:TSE) | 0 0 0.7% | Mkt Cap: 69.1m
- Published:
29 Aug 2016 -
Author:
Ian Gillies -
Pages:
3
Impact: Positive, especially in light of the 40% decline in Cathedral's share price over the prior five trading days. Cathedral has initiated a strategic review process to consider different avenues for creating shareholder value, which could include capital raising (debt or equity), the sale of the Company, divestitures, mergers or joint venture or partnership transactions. The Company does not intend to provide any updates on the strategic review process until there is a formal announcement