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Stetson Oil & Gas reach settlement with Stifel Nicolaus Canada


Published Mar 31, 2014
Stetson Oil & Gas Ltd.-3

Stetson Oil & Gas Ltd., a Forbes & Manhattan Energy Group Company, has entered into a settlement agreement with Stifel Nicolaus Canada Inc. (formerly Thomas Weisel Partners Canada Inc.) in respect of Stetson's claim against Stifel for the 2008 failed bought deal financing.

Under the terms of the settlement agreement, Stifel will pay to Stetson the sum of CAD$7 million in cash and Stetson shall have no further claim, right or entitlement against Stifel in respect of the failed bought deal financing.

Tags: Stetson Oil & Gas Ltd.




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