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One-Page Deal Sheet

American Exploration Corp. Announces Merger with Mainland Resources

Mainland Resources, Inc. American Exploration Corp
AnnouncedMar 3, 2010
TypeCorporate
Announced Date
March 03,2010
Transaction Type
Corporate
Enterprise Value (EV)($MM)
18




Snapshot
Asset/Basin:
{Haynesville}
TargetZones:
{"Haynesville Shale"
Location
Country
United States

State
Mississippi


Transaction Details:  Subscribe to see

American Exploration Corporation and Mainland Resources, Inc. announced today that their respective boards of directors have approved a stock-for-stock merger to be effected under the laws of Nevada, and that the companies have signed a definitive Merger Agreement and Plan of Merger (the "Merger Agreement"). If the merger is completed, Mainland will be the surviving corporation, and will become vested with all of American Exploration's assets and property.
Under the terms of the Merger Agreement, American Exploration's stockholders will receive one share of Mainland common stock for every four…

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