WBE whitebark energy ltd
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News: WBE Whitebark Energy Says Signs Binding Agreement To Invest In Wizard Lake

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    14/06/24
    11:40
    Post #: 74313960

    June 14 (Reuters) - Whitebark Energy (WBE) :

    • SIGNS BINDING AGREEMENT TO INVEST IN WIZARD LAKE
    • REX ENERGY HAS EXECUTED A PURCHASE AND SALE AGREEMENT WHICH WILL SEE CONFLUX ENERGY ASSUME A 90% INTEREST IN CANADIAN OPERATIONS
    • TRANSACTION INVOLVES CONFLUX ASSUMING ALL OUTSTANDING CONTINGENT LIABILITIES IN REX ENERGY OF CAD $1.44M
    • REX ENERGY WILL RETAIN A 10% WORKING INTEREST AS PART OF TRANSACTION
    • SEES 10% INTEREST WILL SEE POSITIVE CASH RETURN TO WHITEBARK

    (([email protected];))

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