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Spartan Delta Corp T.SDE

Alternate Symbol(s):  DALXF

Spartan Delta Corp. is a Canada-based energy company. The Company is engaged in exploration, development and production of crude oil and natural gas properties in western Canada. The Company is focused on acquiring a diversified portfolio of assets. It has a portfolio of production and development opportunities in the Deep Basin of Alberta. It is focused on the execution of the Company's organic drilling program, delivering operational synergies.


TSX:SDE - Post by User

Comment by Seppelton Mar 28, 2023 9:23pm
150 Views
Post# 35365876

RE:RE:RE:RE:Tax consequences of the deal

RE:RE:RE:RE:Tax consequences of the deal

Looks complicated. If I owned it in a taxable account, I would consider gradually selling before the transaction is closed. A simple capital gain and fewer headaches doing your taxes.
Insiders will participate in a private placement of Logan shares which, including warrants, will end up in 535 million shares, fully diluted and about $100 million in cash. Lots of shares and I wouldn't be surprised if there is consolidation. These guys have done it before.
We should thank them for a good ride but I may gradually sell if see better opportunities. Can always rejoin the smaller Spartan and Logan post consolidation.

 

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