GREY:WSEYF - Post by User
Comment by
ontheDLon Dec 18, 2012 7:01pm
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Post# 20747955
RE: Financing
RE: Financing The completion of the Transaction is conditional upon completion of due diligence, entering into a mutually acceptable definitive purchase and sale agreement by September 28, 2012, preparation of a National Instrument 51-101 compliant technical report; the Company securing suitable financing within the timeframe agreed to by the parties and obtaining all necessary regulatory approvals to the Transaction
the NI 51-101 will help assign a value for Bakken assets from which Wellstar can raise $$
https://www.wellstarenergy.com/s/NewsReleases.asp?ReportID=547662&_Type=News-Releases&_Title=WellStar-Enters-into-Letter-of-Intent-to-Acquire-Oil-Gas-Assets-and-Announc...