Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/by_province/americans_onshore/usa/nimin-energy-completes-strategic-review-process.shtmlNiMin Energy completes strategic review process
NiMin Energy Corp. reported that its Board of Directors has concluded its review of strategic alternatives commenced on
NiMin Energy Corp. reported that its Board of Directors has concluded its review of strategic alternatives commenced on November 21, 2011.
The strategic review was designed to objectively review all alternatives for the Company, including a possible sale of assets. With a primary focus on maximizing shareholder value, and consistent with the recommendation of Macquarie Capital, the Company's financial advisor, the Board unanimously determined that the sale of all of the Company's assets and an orderly winding up and dissolution of the Company is the best alternative for generating maximum value for shareholders.