GREY:AVNDF - Post by User
Comment by
kingofcottonon Dec 27, 2012 4:04pm
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Post# 20775443
RE: Conference Call
RE: Conference Call It's my understanding that Elbow River is a distinct subsidiary of Avenex, and that if the sale closes, and the merger does not go through, the sale proceeds (after any tax) could be distributed to shareholders as a special distribution of ~$1.48 per share. From what I call tell, there is no requirement to pay down the debt on the distinctly separate oil and gas division. If the sale closes, Parkland would assume the debt of Elbow River, at least that's how I understand it.
Parkland has a good presentation on Elbow River.
https://www.snwebcastcenter.com/custom_events/parkland-20121218/site/