re: Ann: Amadeus & Lonestar Agree to Create L... By hook or by crook, this company- soon to be called Lonestar- will be raising capital.
http://www.theaustralian.com.au/business/mergers-acquisitions/lonestar-of-us-agrees-to-reverse-takeover-of-amadeus-energy/story-fn91vdzj-1226501025862
"He said Lonestar, whose name the merged company would keep, may raise equity to fund future acquisitions but that no new funds were needed to support drilling plans."
This one just hints at it- but how else do they raise ther free float but raise capital?
http://blogs.wsj.com/dealjournalaustralia/2012/10/22/lonestar-achieves-backdoor-listing-through-amadeus-acquisition/
"It will own 54% of Amadeus post-transaction, but intends to support initiatives by the company aimed at increasing its free float in the near term."
It might be worth a buy when they raise- if it's at a discount to the current share price. Hopefully, the new Lonestar will drill like crazy and be a real oiler who puts out ANN's on drilling results- not just mandatory Quarterlies.
- Forums
- ASX - By Stock
- AMU
- Ann: Amadeus & Lonestar Agree to Create Leading O
Ann: Amadeus & Lonestar Agree to Create Leading O, page-14
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AMU (ASX) to my watchlist
Currently unlisted public company.