Pipestone Energy Corp T.PIPE

Primary Symbol: BKBEF

Energy Oil & Gas E&P

Pipestone Energy Corp. is a Canada-based oil and gas exploration and production company. The Company is focused on developing its condensate rich assets in the Pipestone area of Alberta. It is engaged in the exploration for, and development and production of, oil and natural gas liquids, including condensate, pentane, butane, propane and ethane (Liquids) and natural gas in Western Canada. It is the operator of a condensate-rich Montney asset in the Pipestone area near Grande Prairie. Its Pipestone Wembley Project is located just outside of Grande Prairie, Alberta and covers more than 90,000 net acres.

OTCPK:BKBEF - Post by User

Pipestone Energy Corp > A Black Knight lurks

<< Previous

Bullboard Posts

Next >>

Post by tylerreddickon Aug 28, 2023 9:21am

268 Views

Post# 35607839

A Black Knight lurks

" On July 26, 2023, Pipestone received an unsolicited non-binding proposal (the "Party D Proposal") from Party D which provided for a highly conditional offer to acquire all of the issued and outstanding Pipestone Shares for a combination of cash and shares of Party D. As the Letter of Intent prohibited Pipestone from engaging in any discussions with respect to alternate transactions, Pipestone did not engage in any discussions with Party D in reliance on legal advice from MT "

But according to the terms of the Strathcona "deal":

" Superior Proposals: Under the Arrangement Agreement, until the time that the Arrangement Resolution is approved, the Pipestone Board retains the ability to consider and respond to Superior Proposals on the specific terms and conditions set forth in the Arrangement Agreement "

It ain't over till its over.

<< Previous

Bullboard Posts

Next >>

Nextech3D.ai receives purchase order from blue-chip customer