Canamax Energy Ltd. and Powder Mountain Energy Ltd. announce closing of Business Combination

With the completion of both the Arrangement and the previously announced acquisition of assets in the Grimshaw and Grande Prairie areas of Alberta, Canamax is well positioned as a junior oil and gas company with an undrawn bank credit facility of $21.0 million, estimated cash and working capital of...

Full description

Saved in:
Bibliographic Details
Published inNews Bites - Energy
Format Newsletter
LanguageEnglish
Published Melbourne News Bites Pty Ltd 31.07.2015
Subjects
Acquisitions & mergers
Business combinations
Market positioning
Natural gas
United States > US
Online AccessGet full text

Cover

More Information
Summary:With the completion of both the Arrangement and the previously announced acquisition of assets in the Grimshaw and Grande Prairie areas of Alberta, Canamax is well positioned as a junior oil and gas company with an undrawn bank credit facility of $21.0 million, estimated cash and working capital of $3 to $4 million, and significant development potential in its core areas of operation. a href='http://tmx.quotemedia.com/article.php?newsid=77145619&qm_symbol=PDM'Read more..