Scandoil  

Blackdog enters into definitive reorganization and investment agreement


Published Sep 12, 2014
James W. White - Blackdog Resources Ltd.

Blackdog Resources Ltd. has entered into a definitive reorganization and investment agreement (the "Agreement") with Steven VanSickle, David Summers, Aaron Grandberg, David Cymbalisty, David Pyke, George Ardies and Tom Park (the "Initial Investor Group"), which provides for: (i) a non-brokered private placement for gross proceeds of up to $21.0 million (the "Private Placement"); (ii) the appointment of a new management team (the "New Management Team") and a new board of directors of Blackdog (the "New Board"); and (iii) subject to regulatory approval, a rights offering (the "Rights Offering") to current holders of common shares ("Common Shares") of Blackdog (collectively, the "Transaction").

Completion of the Transaction is subject to customary closing conditions, including the approval of the TSX Venture Exchange (the "TSXV"). Upon completion of the Transaction, it is anticipated that the shareholders of Blackdog will be asked to approve a change of the Corporation's name to "StonePoint Energy Inc.".

Tags: Blackdog Resources Ltd.




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml