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LNG Energy Group Corp. V.LNGE

Alternate Symbol(s):  LNGNF | V.LNGE.W

LNG Energy Group Corp is a Canada-based company, which is focused on the acquisition and development of natural gas production and exploration assets in Latin America. The Company’s assets include Sinu-San Jacinto-1(SSJN-1), Valle Inferior del Magdelana-41 (VIM-41), Valle Inferior del Magdalena-42 (VIM-42) and Sinu-San Jacinto 3-1(SSJN 3-1). The Company has a 50% working interest in SSJN-1, VIM-42 and SSJN 3-1. The Company has a 100% working interest in VIM-41. SSJN-1 covers approximately 226,000 acres. SSJN 3-1 covers approximately 83,000 acres. VIM-41 includes 93 billion cubic feet equivalent (BCFE) of net 3P reserves. It covers approximately 172,000 acres. VIM-42 includes 405 billion cubic feet (BCF) of prospective resource and covers approximately 228,000 acres.


TSXV:LNGE - Post by User

Post by Investmentwinon Mar 23, 2022 5:44pm
309 Views
Post# 34539493

Change of Business or Reverse Take Over

Change of Business or Reverse Take Over

Best Option
for Shareholders 

$$$$$$$$$$$

Reverse Take-Over

 
 
 
 

A reverse take-over is also known as a "back door listing" or "reverse merger" of a company already listed on TSX or TSXV. This listing can be done in a number of ways, including an amalgamation or issuance of shares in exchange for other shares or assets of the issuer.

You will need the help of your company's sponsor, lawyer and auditor to find a suitable candidate for a reverse takeover.

The company resulting from the RTO must meet the original listing requirements of the Exchange and must submit to an approval procedure similar to that of an original listing application.

The NEX board, managed by TSXV, provides the potential for an additional source of listed shell companies. This allows shareholders of a private company to merge with an issuer that has no substantial business activity.


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