GREY:SGLRF - Post by User
Comment by
skygardenon Dec 02, 2015 12:23pm
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Post# 24346848
RE:TSX Delists SGL
RE:TSX Delists SGLI took a quick glance on Ernst & Young's site and in Williams Kennedy's affidavit I see that Eagle did want to buy out the rest of Dixonville, but the sticking point with the Lenders was that Spyglass wanted to retain some of the proceeds of the sale and not use all the proceeds to pay debt down so the deal ultimately fell apart.
The Southern Alberta properties also had an offer that was withdrawn.
Not sure if it would have made a difference to the survival of the company if either transaction went through as it might of only prolonged Spyglass' existence.