CE1 calima energy limited

Jan 5 (Reuters) - Calima Energy Ltd (CE1) : CASH SALE OF...

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    Jan 5 (Reuters) - Calima Energy Ltd (CE1) :

    • CASH SALE OF BLACKSPUR OIL CORP FOR A$83.3M-
    • FOLLOWING COMPLETION, CE1 INTENDS TO DISTRIBUTE NO LESS THAN 85% OF SALE PROCEEDS TO CE1 SHAREHOLDERS
    • PARTIES AIM TO COMPLETE TRANSACTION ABOUT 10 DAYS AFTER SHAREHOLDER APPROVAL, BUT NO LATER THAN 30 MARCH 2024
    • AGREED TO SELL BLACKSPUR OIL CORP FOR A CASH CONSIDERATION OF A$83.3 MILLION
    • HAS ENTERED INTO BINDING DEFINITIVE AGREEMENT WITH ASTARA ENERGY CORP
    • CO WILL RETAIN ITS PARADISE WELL ASSET HELD VIA CALIMA ENERGY IN BRITISH COLUMBIA
 
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