One-Page Deal Sheet
Aspenleaf to Acquire Arcan, Arcan to Form Spinoff
Aspenleaf Energy Ltd. Arcan Resources Ltd.
Announced Date
June 23,2014
Close Date
July 24,2014
Transaction Type
Corporate
Asset/Basin:
{"Swan Hills"}
TargetZones:
{"Swan Hills"}
% Oil:
PV-10 ($MM)
Location
Region
Canada
Country
Canada
Transaction Details: Subscribe to see
Closing Announcement - July 24, 2014
Arcan Resources Ltd. has announced plan of arrangement involving the recapitalization and acquisition of Arcan by privately owned Aspenleaf Energy Limited.
Under the Arrangement, Arcan's shareholders will exchange each Arcan share for one common share and 0.1 of a common share purchase warrant in a new company, Miura Energy Ltd.
Miura will become an independent company that will own 12.5 percent of the interest held by Arcan in its oil and gas properties in the Swan Hills area of Alberta. Each whole Miura Warrant will be exercisable for one common share of…
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