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Twin Butte Energy initiates strategic review process


Published Dec 14, 2015
Twin Butte Energy Ltd.

Twin Butte Energy Ltd. believes that the current share price is not reflective of the long term value within the Company's asset base, and therefore has initiated a process to identify, examine and consider a range of strategic alternatives available to the Company, with a view to enhancing shareholder value.

Strategic alternatives may include, but are not limited to, a debt restructuring, a sale of all or a material portion of the assets of Twin Butte, either in one transaction or in a series of transactions, the outright sale of the Company, or merger or other transaction involving Twin Butte and a third party, and/or alternative financing initiatives. For the purposes of considering strategic alternatives, Twin Butte has established a special committee consisting of directors, Jim Brown (Chair), Warren Steckley and John Brussa to oversee the process.

Tags: Twin Butte Energy Ltd.




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