One-Page Deal Sheet
Tourmaline To Acquire Huron Energy
Tourmaline Oil Corp. Huron Energy Corporation
Announced Date
October 24,2012
Close Date
November 30,2012
Transaction Type
Corporate
Enterprise Value (EV)($MM)
258
Location
Calculated Metrics( EV/Category)
Region
Canada
Country
Canada
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Huron Energy Corporation announced that it has entered into an agreement with Tourmaline Oil Corp. providing for the acquisition by Tourmaline of all of Huron's issued and outstanding shares pursuant to a statutory plan of arrangement under the Business Corporations Act (Alberta).
Under the terms of the Arrangement Agreement, Huron shareholders will receive 0.07644 Tourmaline common shares for each Huron share held. Tourmaline will also assume the debt of Huron, estimated at $24.6 million, after taking into account anticipated transaction costs, as at September 30, 2012. Based on Tourmaline's…
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