Questions - Dart. What we are waiting for:May 16:
"In order to complete all items in the original agreement, both sides have agreed to extend the time required to secure the financing from May 15, 2013 to August 1, 2013. All other terms and conditions remain unchanged."
May 24:
"Under the terms of the LOI, Petrostar, and its subsidiaries, will divest all interests in the Beaverhill Lake and Joarcam areas of Alberta, and its remaining Bakken interests for the nominal sum of two million dollars ($2,000,000) in common equity of the purchasing company. The asset sale is conditional on the purchasing company successfully completing its listing in the public market. In the event entry into the public market is not achieved, the assets will revert back to Petrostar and its subsidiaries."