Brief: Crown Point Announces Acquisition Of Exploitation Concessions In Santa Cruz, Argentina
09/02/2024 20:55
Feb 9 (Reuters) - Crown Point Energy Inc CWV.V :
* CROWN POINT ANNOUNCES STRATEGIC ACQUISITION OF
EXPLOITATION
CONCESSIONS IN SANTA CRUZ, ARGENTINA
* AGREEMENTS SIGNED TO ACQUIRE PETROLEUM EXPLOITATION
CONCESSIONS
PIEDRA CLAVADA AND KOLUEL KAIKE
* PURCHASE PRICE PAYABLE BY CROWN POINT TO SELLER IS US$12
MILLION
CASH BASE CONSIDERATION
* INTENDS TO FUND CASH PORTION OF DEAL PRICE BY EXISTING
CASH
RESOURCES, OPERATING CASH FLOWS, BY COMPLETING DEBT/EQUITY
FINANCING
Source text for Eikon: ID:nGNX8mVNG9
Further company coverage: CWV.V
((Reuters.Briefs@thomsonreuters.com;))
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