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Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P


OTCPK:ARNBF - Post by User

Arcan Resources Ltd > Very intriguing news release
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Comment by filefishon Jun 28, 2014 2:33pm
367 Views
Post# 22703156

RE:RE:RE:RE:Very intriguing news release

RE:RE:RE:RE:Very intriguing news releaseLike many others here, I have been wating for 2 years for someone to offer to buy out ARN. Unfortunately, it happened after the stiuation got this desparate. I hope that with the value of an offer out there, LTS will come in with a better one, which will satisfy the bank lenders and  the debenture holders. At that point, Aspenleaf will have to at least match that, with or without Spinco.
I believe that CPG has written off their investment and will not make an offer. 
As a shareholder, I would be happy enough receiving a Spinco particapation in Swan Hills provided that it was debt free and had a line of credit to participate with a competant and well financed driller.
Wishfull thinking maybe , but thats what I am hoping for..... 
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