Brief: CROWN POINT AGREES WITH SELLERS TO BUY ALL SHARES OF APCO AUSTRAL

Crown Point Energy

22/11/2017 13:30

Nov 22 (Reuters) - Crown Point Energy Inc  CWV.V : 
    * CROWN POINT ANNOUNCES STRATEGIC ACQUISITION TO DOUBLE 
INTEREST 
IN EXPLOITATION CONCESSIONS IN TIERRA DEL FUEGO, ARGENTINA 
    * CROWN POINT ENERGY INC - PURCHASE PRICE PAYABLE BY CROWN 
POINT 
TO SELLERS IS US$28.4 MILLION CASH 
    * CROWN POINT ENERGY INC -  ENTERED AGREEMENTS WITH APCO 
OIL AND 
GAS INTERNATIONAL, APCO ARGENTINA S.A. TO ACQUIRE ALL SHARES OF 
APCO AUSTRAL S.A. 
    * CROWN POINT ENERGY INC - IN DISCUSSIONS WITH AN ARM'S 
LENGTH 
FINANCIAL INSTITUTION BASED IN ARGENTINA REGARDING OBTAINING A 
LOAN OF UP TO US$25 MILLION 
    * CROWN POINT ENERGY-EXPECTS FUNDING PURCHASE PRICE OF DEAL 
USING 
EXISTING CASH RESOURCES,OPERATING CASH FLOWS, EQUITY FINANCING & 
NEW DEBT FINANCING  
    * CROWN POINT-LIMINAR ENERGÍA S.A. , OWNER OF ABOUT 51% OF 
CO'S 
ISSUED AND OUTSTANDING SHARES, HAS AGREED TO GUARANTEE PAYMENT 
OBLIGATIONS UNDER DEALS 
 
Source text for Eikon:  ID:nGNXOHDENa  
Further company coverage:  CWV.V  
 
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