From TokenPost · · 40s
Saturn Oil & Gas Acquires Corex for C$302M
Saturn Oil & Gas agrees to buy Corex Resources for C$302 million in cash and shares.
In brief
Saturn Oil & Gas agrees to buy Corex Resources for C$302 million in cash and shares. Saturn Oil & Gas Inc. agreed to acquire Corex Resources Ltd. for C$302 million, adding 7,000 barrels of oil production daily. Originally reported by TokenPost.
Acquisition Deal
Saturn Oil & Gas Inc. agreed to acquire Corex Resources Ltd. for C$302 million in cash and shares.
Production Impact
The deal adds about 7,000 barrels a day of light and medium crude oil production in Manitoba.
Shareholder Approval
Corex shareholders holding 72% of shares approved the transaction through written resolution.
The bottom line
Saturn Oil & Gas Inc. agreed to acquire Corex Resources Ltd. for C$302 million, adding 7,000 barrels of oil production daily.
