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Yangarra Resources Ltd T.YGR

Alternate Symbol(s):  YGRAF

Yangarra Resources Ltd. is a Canadian junior oil and gas company engaged in the exploration, development and production of clean natural gas and conventional oil. The Company has its main focus in the Western Canadian Sedimentary Basin. The Company has developed its land base to target the halo Cardium at Ferrier, Chedderville, Cow Lake, Chambers, O’Chiese, and Willesden Green with a focus on exploiting the prolific bioturbated zone as part of the entire Cardium package.


TSX:YGR - Post by User

Comment by Hendrick3on Jan 06, 2024 5:26pm
95 Views
Post# 35814067

RE:RE:RE:RE:RE:RE:RE:RE:Exit production rate

RE:RE:RE:RE:RE:RE:RE:RE:Exit production rateThe subject I was responding to was taking the company private which requires a bid to all shareholders by a party who intends to take the company private. If the bid is from outside, it must be substantial enough to attract shareholders to give up their shares. With around 20% insider shareholders, that group would need to be onside for the deal to go through. That wouldn't happen anywhere near current prices. If there is an inside bid to take the company private there is a need for a FMV evaluation supporting the bid price. Insiders can buy as much as they want on the market at current prices but ultimately need to acquire from outside shareholders to take the company private. In order to do this they require a formal filing and an independent  FMV evaluation to support the bid. This is to prevent insiders from taking advantage of shareholders. 
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