OTCPK:MAUXF - Post Discussion
Post by
redscorpion on Jan 22, 2016 11:17am
Great news /deal for Mart Resources shareholders!
Mart Resources enters arrangement agreement with Midwestern Oil & Gas and San Leon Energy January 22, 2016
https://www.stockhouse.com/news/press-releases/2016/01/22/mart-enters-into-arrangement-agreement-with-midwestern-and-san-leon-energy https://www.oilvoice.com/n/Mart-Resources-enters-arrangement-agreement-with-Midwestern-Oil-Gas-and-San-Leon-Energy/2d762fdbd048.aspx Quotes from news releases
« Each Mart shareholder will receive CAD$0.25 in exchange for each Mart common share held (the "Per Share Consideration") for aggregate consideration of all Mart shares of approximately CAD$89.2 million.» «The Per Share Consideration represents a 194% premium to the closing price and a 191% premium to the 20 day VWAP price of Mart's common shares on the Toronto Stock Exchange ("TSX") on January 21, 2016, the last trading day for Mart's common shares prior to the date of this announcement.»
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