OTCPK:MAUXF - Post by User
Comment by
mousermanon Mar 30, 2015 11:26am
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Post# 23576734
RE:RE:RE:RE:Is this where Midwestern Money is coming from?
RE:RE:RE:RE:Is this where Midwestern Money is coming from?mouserman wrote: Obeahman wrote: Mouseman:<br /> <br /> It's great for the people whp purchasee low, however for us guys who bought high, we are in big trouble, unless Midewestern assumes Mart's name and trades on the TSE. Currently Midewestern s a private company..
I guess you didnt understand my last post. You DONT HAVE TO WORRY ABOUT MW shares , since you wont get any. You are going to receive .80 cash for your shares. If you bought in higher, best averge down and get the 30% to cut your losses or get back to even.
Mart Resources Inc., further to its March 2, 2015, news release in respect of its letter of intent with Midwestern Oil and Gas Company Ltd., has entered into a definitive arrangement agreement with Midwestern, the operator of and one of Mart's co-venturers in the Umusadege field in Nigeria. Pursuant to the arrangement agreement, a wholly owned subsidiary of Midwestern, will acquire all of the issued and outstanding common shares of Mart by way of a plan of arrangement under the Business Corporations Act (Alberta), including the assumption of all outstanding bank debt of Mart (currently, approximately $200-million (U.S.)), and each Mart shareholder will receive 80 cents in exchange for each Mart common share held.