Gamba Clown Show Continues...Revised the deal to sell Columbian Oil assets with no announcement... no Material my as*s...
Excerpt from MDA"
As of the date of this MD&A, the Corporation has classified certain petroleum blocks as held for sale due to its intention to sell the assets. The Corporation entered into an share purchase agreement with Arrow Exploration Ltd. (“Arrow”) on May 31, 2018 which was amended subsequent to June 30, 2018 (the “SPA”). Pursuant to the SPA, subject to certain conditions precedent, Arrow will acquire the majority of the Corporation's Colombian oil assets (with the exception of its interests in the Rancho Hermoso block and its unconventional oil portfolio) for a total consideration of $40 million, comprised of $10 million in cash, $25 million in common shares of Arrow (“Arrow Shares”), and $5 million in promissory note at an annual interest rate of 15% maturing 120 days after closing of the transaction.
Can't stand this clown as*s show...
JMHO