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Long Run Explor Ltd Ord WFREF

Energy Oil & Gas E&P
"Long Run Exploration Ltd is engaged in the development, exploration and production of oil and natural gas in western Canada."


GREY:WFREF - Post by User

Long Run Explor Ltd Ord > a deal? what deal...LOL
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Comment by BlueCollar51on May 12, 2016 7:56am
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Post# 24865094

RE:RE:RE:RE:a deal? what deal...LOL

RE:RE:RE:RE:a deal? what deal...LOL
Fearspect wrote: I thought they didn't need all the money up front to close, just enough to cover shares and dbs. Don't they have six months after close to repay debt, making it a relatively small cost to acquire (up front)?


As per the Information Circular if I am understanding it correctly as well as the Cash required for the Shares and Debentures Sinoenergy is required to deposit $100m in an Escrow account re the Credit Facility to close the deal.
 
As Always; Do Your Own Due Diligence; It’s Your Money !!
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