Wolverine Energy and Infrastructure Inc WEIIF

Wolverine Energy and Infrastructure Inc. is a Canada-based diversified energy and infrastructure service company. Its operations are based in Western Canada and the United States. It services both conventional and renewable energy sectors by providing specialized equipment rental and infrastructure services, including production testing services and rentals, oilfield and energy rentals, heavy equipment rentals, civil/infrastructure construction, and environmental clearing. Its operations include Energy Services USA, Energy Services Canada and Infrastructure Canada. The Energy Services USA operation includes rentals and production testing. It offers a range of tubular and oilfield equipment rentals and sales, from down-hole and surface oilfield equipment to well control and pipe handling equipment. The Energy Services Canada operation includes production testing, water management and surface rentals. The Infrastructure Canada operation includes construction and heavy equipment.

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Wolverine Energy and Infrastructure Inc

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Post by pastaman1on Mar 14, 2016 1:07pm

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Post# 24656052

Can someone explain this

Pursuant to the Sale & Purchase Agreement, Sound Energy will acquire PetroMaroc's 50% working interest in the Sidi Moktar Licenses in consideration for (i) issuance to PetroMaroc of 21,258,008 ordinary shares in the capital of Sound Energy; and (ii) granting to PetroMaroc of (a) a 10% net profit interest in any future cash flows from the Kechoula structure within the Sidi Moktar Licences; and (b) a 5% net profit interest in any future cash flows from structures within the Sidi Moktar Licences other than the Kechoula structure.

21,258,008 shares X Sound Energy's current share price of $16.50= $350,757,132...

Dont Understand how they only value the deal at 7 million?

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