Brief: Akita Announces Transformative Acquisition Of Fox Drilling And Elimination Of Dual Class Share Structure
27/04/2026 13:32
April 27 (Reuters) - AKITA Drilling Ltd AKTa.TO: AKITA ANNOUNCES TRANSFORMATIVE ACQUISITION OF FOX DRILLING AND ELIMINATION OF DUAL CLASS SHARE STRUCTURE AKITA DRILLING LTD - TO BUY ALL OF PARAMOUNT RESOURCES INTERESTS IN FOX DRILLING AKITA DRILLING LTD - PARAMOUNT RESOURCES' SHAREHOLDERS TO HOLD ABOUT 33% OF AKITA COMMON SHARES POST-DEAL AKITA DRILLING LTD - TO ISSUE 19.3 MILLION COMMON SHARES FOR ACQUISITION AKITA DRILLING LTD - PARAMOUNT RESOURCES TO UTILIZE AKITA RIGS FOR 2,700 RIG DAYS OVER THREE YEARS AKITA DRILLING LTD - JAMES RIDDELL AND JACKSON RIDDELL EXPECTED TO JOIN AKITA BOARD; THREE DIRECTORS TO STEP DOWN Source text: ID:nCNWRV4v5a Further company coverage: [AKTa.TO] ((Reuters.Briefs@thomsonreuters.com;))
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