TSXV:PMI - Post Discussion
Post by
Bobbyme on Jun 22, 2018 9:33am
S9 fully fund.....
June 21 (Reuters) - PentaNova Energy Corp:
* PENTANOVA ENERGY ANNOUNCES FARMOUT AGREEMENT ON COLOMBIAN GAS PROPERTY
* PENTANOVA ENERGY - PANACOL WILL FULLY FUND CO'S COMMITMENTS DURING FIRST PHASE OF THE SN-9 EXPLORATION, PRODUCTION CONTRACT FOR AMOUNT OF US$22.29 MILLION
* PANACOL IS REQUIRED TO PROVIDE A STANDBY LETTER OF CREDIT FOR US$3.0 MILLION AND PAY APPROXIMATELY US$650,000 IN PAST COSTS
* PENTANOVA ENERGY -AGREEMENT EXPECTED TO CLOSE WITHIN 30 DAYS DURING WHICH TIME CO WILL BE REQUIRED TO PLACE $3.0 MILLION IN ESCROW TO FUND NEAR-TERM ACTIVITIES Source text for Eikon: Further company coverage:
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