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Midway Gas Corp-Exploratory Permits,Saskatchewan(3) &
Kristina Capital Corp
Update Date: 10/28/08
Date Announced: 10/09/08
Value (million $USD): 2.3 million U.S. Dollar
2.6 million Canadian Dollar
Status: Completed
TRANSACTION DETAILS
Date Announced10/09/08
Date Originally Announced10/09/08
FormatAcq. Maj. Int.Acquisition techniquesDivestiture
AttitudeFriendlyAgencyn/a
Value2.3 million U.S. Dollar
2.6 million Canadian Dollar
Advisor Feesn/a
SYNOPSIS
CANADA - Kristina Capital Corp (KC) acquired a 75% interest in three exploratory permits, located in Saskatchewan, from Midway Gas Corp, an oil and gas exploration and production company, in exchange for 5.25 mil common shares valued at 2.625 mil Canadian dollars ($2.287 mil US). The shares were valued based on KC's closing stock price of C$0.5 ($0.436) on October 8, the last full trading day prior to the announcement.
TARGET
NameMidway Gas Corp-Exploratory Permits,Saskatchewan(3)
IndustriesDrilling oil and gas wells; Oil and gas field exploration services
Cityn/a
Staten/a
NationCanada
Incorporated inn/a
Public StatusSubsidiary
Business DescriptionThree exploratory permits, located in Saskatchewan, Canada, is an oil and gas exploration and production property.
AdvisorsNULL
Target Salesn/a
ACQUIROR
NameKristina Capital Corp (TSXVenture : KCA.P)
Industriesn/a
CityCalgary
Staten/a
NationCanada
Incorporated inn/a
Public StatusPublic
Business DescriptionKristina Capital Corp, located in Calgary, Alberta, is an investment company. It was founded in 2007.
AdvisorsNULL
Acquiror Salesn/a
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