Connacher Oil & Gas Ltd CLLZF

NR this morning

[thian]

I am looking at the NR this morning and I believe that (from the wording) some interested buyers may be examining CLL's books (or that is what they want us to believe).

The NR is positive as guidance will be achieved in not exceeded but I feel that a sale is imminent. See below in red:

"With regard to the strategic review process, Connacher and its advisors continue to be engaged with a number of highly qualified parties regarding the future plans of Connacher. Interested parties' due diligence examinations are on-going and the Company will be advising shareholders of any significant developments in due course."

Link:

https://www.theglobeandmail.com/globe-investor/news-sources/?date=20120427&archive=cnw&slug=C9651