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Mart Resources Inc MAUXF

Energy Oil & Gas E&P


OTCPK:MAUXF - Post by User

Mart Resources Inc > News: OML 18 purchase completed
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Comment by radcaton Mar 20, 2015 10:02am
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Post# 23542641

RE:RE:RE:RE:RE:News: OML 18 purchase completed

RE:RE:RE:RE:RE:News: OML 18 purchase completedMidwestern will have to raise $280 million for Mart (thus far), $200 million for Mart debt, cash to buy  Delta States 20% stake which will probably costing more than Mart purchase. And some spare cash for exploration & development. Is it any wonder Mart is trading sub-60 cents with an 80 cents take-over offer. The market seems to believe Midwestern can't pull it off.   
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