Brief: Calima Energy Announces Cash Sale Of Blackspur Oil Corp For A$83.3 Million

Calima Energy

05/01/2024 01:14

Jan 5 (Reuters) - Calima Energy Ltd  CE1.AX :
    * CASH SALE OF BLACKSPUR OIL CORP FOR A$83.3M-
    * FOLLOWING COMPLETION, CE1 INTENDS TO DISTRIBUTE NO LESS
THAN 85%
OF SALE PROCEEDS TO CE1 SHAREHOLDERS
    * PARTIES AIM TO COMPLETE TRANSACTION ABOUT 10 DAYS AFTER
SHAREHOLDER APPROVAL, BUT NO LATER THAN 30 MARCH 2024
    * AGREED TO SELL BLACKSPUR OIL CORP FOR A CASH CONSIDERATION
OF
A$83.3 MILLION
    * HAS ENTERED INTO BINDING DEFINITIVE AGREEMENT WITH ASTARA
ENERGY
CORP
    * CO WILL RETAIN ITS PARADISE WELL ASSET HELD VIA CALIMA
ENERGY IN
BRITISH COLUMBIA

Source text for Eikon:  ID:nASX8GVC3W 
Further company coverage:  CE1.AX 

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