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ARPETROL LTD V.RPT

"ArPetrol Ltd is engaged in the exploration for and development and production of oil & natural gas, and also provides natural gas processing services for third parties in Argentina."


TSXV:RPT - Post by User

Post by monstapeakeon Mar 22, 2016 8:36am
179 Views
Post# 24686897

transaction expected to close in May

transaction expected to close in Mayand the following is the distribution timing:

Based on the Transaction terms, it is expected that the initial distribution of approximately 65-70%  of the net proceeds of the Transaction will be made to Shareholders shortly after the 90-day purchase price adjustment period for working capital following closing, and a final distribution of the remaining funds will be made after settling all liabilities and expenses of the Company and deducting all Transaction and dissolution costs.  

some poster had stated the distribution would occur toward the end of the year, but according to the time table established shareholders could expect funds before Sept if everything falls into sync.   Share price not shabby for a 5 month hold.  Just my interpretation-- mpke
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