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ADIRA ENERGY LTD V.ADL

"Adira Energy Ltd is engaged in the energy sector. It is an oil and gas exploration company focused on early-stage exploration. The company has an option to hold interests in approximately two licenses, such as the Myra License and the Sara License. The Company does not have any oil and gas reserves and does not produce any oil or gas. The Company held interests in approximately two Israeli offshore petroleum licenses, including the Gabriella License No. 378 and the Yitzhak License No. 380."


TSXV:ADL - Post by User

Post by tooez1on Jun 10, 2014 3:09pm
197 Views
Post# 22646679

Early Warning report/Positive?

Early Warning report/Positive?Excerpt from Sedar... "In connection with a corporate reorganization, Dundee Resources Limited (“Dundee Resources”), a wholly owned subsidiary of Dundee Corporation, acquired control of 5,275,904 common shares (“Shares”) and 5,275,904 warrants (“Warrants”) of Adira Energy Ltd. (“Adira”) When aggregated with other positions in Adira owned or controlled by Dundee Corporation, Dundee Corporation now controls 5,275,904 Shares and Warrants exercisable for the purchase of 5,988,400 Shares representing an approximate 8.76% interest on an undiluted basis and 17.00% assuming the conversion of all Warrants. ......................................................... Another report posted on Sedar indicates that these holdings were acquired from Goodman and Company. .......................................................... As stated some kind of reorganization is coming.....some kind of financial assistance on the way? At what cost? At this point, hopefully very positive.
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