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 |
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| Status: Completed | |
| TRANSACTION DETAILS |
| Date Announced | 10/09/08 | | |
| Date Originally Announced | 10/09/08 | | |
| Format | Acq. Maj. Int. | Acquisition techniques | Divestiture |
| Attitude | Friendly | Agency | n/a |
| Value | 2.3 million U.S. Dollar 2.6 million Canadian Dollar | Advisor Fees | n/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 |
| Name | Midway Gas Corp-Exploratory Permits,Saskatchewan(3) |
| Industries | Drilling oil and gas wells; Oil and gas field exploration services |
| City | n/a |
| State | n/a |
| Nation | Canada |
| Incorporated in | n/a |
| Public Status | Subsidiary |
| Business Description | Three exploratory permits, located in Saskatchewan, Canada, is an oil and gas exploration and production property. |
| Advisors | NULL |
| Target Sales | n/a |
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| ACQUIROR |
| Name | Kristina Capital Corp (TSXVenture : KCA.P) |
| Industries | n/a |
| City | Calgary |
| State | n/a |
| Nation | Canada |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Kristina Capital Corp, located in Calgary, Alberta, is an investment company. It was founded in 2007. |
| Advisors | NULL |
| Acquiror Sales | n/a |
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