One-Page Deal Sheet
Quattro to Acquire Seismic Data for Canada
Quattro Exploration and Production Ltd. Not Disclosed
Announced Date
September 16,2014
Transaction Type
Asset
Location
Region
Canada
Country
Canada
Transaction Details: Subscribe to see
Quattro Exploration and Production Ltd. has announced that it has entered into an arms-length agreement with an Alberta-based private company for the acquisition of the Company’s well database for $800,000 and a GORR of 1.5% on targets developed utilizing the database within the Western Canadian Sedimentary Basin.
Quattro intends to fund the Acquisition with the issuance of 8,000 Convertible Class B shares priced @ $100 per share, paying an annual interest rate of 4%, to be created by the Company prior to Closing. The holder will have the right in the 3rd year to convert the Class B shares…
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