OTCPK:ARNBF - Post by User
Post by
teeveeon Jun 23, 2014 4:55pm
494 Views
Post# 22687204
interesting deal.....
interesting deal.....debenture holders get about 85 cents on the dollar and shareholders get a 1 for 1 share in "spinco" that will have about 450 b/d production and a warrant to buy another share for $.43.......could have been much worse for equity owners. Now waiting to see if Crescent Point or someone else jumps in with a better offer or not.......