RE:RE:Spartan vs Westbrick…AgainFauxtomato, thanks. But it looks like the market is as confused about what this means as I am.
fauxtomato wrote: Since the granting of the Stay Extension and Claims Procedure Order, the Companies and the Partnership have entered into the Definitive Agreement with Spartan to finalize the transaction contemplated in the Spartan LOI referenced in my Affidavit sworn April 7, 2021. The Definitive Agreement sets forth the terms and conditions whereby Spartan will provide a $37,500,000.00 purchase price (the "Purchase Price Funds") in exchange for subscription for limited partnership units from the treasury of the Limited Partnership, and is conditional upon, inter alia, the approval of the Plan at the Creditors' Meeting and exclusion of certain contracts to which the Companies are party to.
https://www.bdo.ca/BDO/media/Extranets/calgaryoilandgas/May-17,-2021-Affidavit-of-Ryan-Martin-WITHOUT-Confidential-Exhibit.pdf