TSXV:CART.H - Post by User
Post by
Dragoonon Sep 07, 2021 9:52am
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Post# 33818308
KUB agreement to sell its 35% interest in KUBGAS (the East)
KUB agreement to sell its 35% interest in KUBGAS (the East)Quote:The sale is for a deemed consideration of approximately US $10.6 million. The consideration comprises a cash payment of US $2.6 million and the settlement of approximately US $8.0 million in debt that the Company owes KUBGAS, subject to adjustments on the completion date. The sale terms were negotiated at arm's length with the partner and closing of the transaction is subject to the parties entering into a definitive agreement and the Company obtaining TSX Venture Exchange approval.
https://finance.yahoo.com/news/cub-energy-announces-letter-agreement-132300219.html