One-Page Deal Sheet
Crown Point Acquires Antrim Argentina S.A
Crown Point Energy Inc. Antrim Energy, Inc.
Announced Date
May 30,2012
Close Date
May 29,2012
Transaction Type
Corporate
Enterprise Value (EV)($MM)
54
Asset/Basin:
{"Austral Basin","Neuqu??n Basin"}
TargetZones:
{"Vaca Muerta Shale"
Net Acres
Location
Region
South America,Latin America
Country
Argentina
Transaction Details: Subscribe to see
Crown Point Ventures Ltd. an Argentine focused exploration and production company, is pleased to announce the completion of Crown Point's previously announced acquisition of Antrim Energy Inc.'s ("Antrim") wholly owned subsidiary, Antrim Argentina S.A. ("Antrim Argentina") pursuant to an arrangement under the Business Corporations Act (Alberta) (the "Arrangement").
Under the terms of the Arrangement, Antrim received a cash payment of approximately CDN$9.25 million and was issued 35,761,307 shares of Crown Point (the "Crown Point Arrangement Shares"). The Crown Point Arrangement Shares will be…
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