RE:RE:RE:Acquisition INSIDE NEWSSometimes I wonder if people actually read news releases ; did you actually actually notice that there is no acquirer and acquiree here?
The division of Ensign merged into Cathredral for shares." The purchase price will be satisfied through the issuance by Cathedral to Ensign Drilling Inc. of 7,017,988 common shares of Cathedral (the "Consideration Shares")."
"Ensign did not own any securities of Cathedral prior to the transaction. Post-closing, Ensign owns approximately 3.15% of Cathedral's issued and outstanding common shares on a non-diluted basis."
Stockhouse is a great way to practice writing English which is not complete mastery of the English language