Manitok Energy Inc announces asset acquisition for $13.5 mln

Industry:    2016-10-03

Manitok Energy Inc

* Manitok energy inc. Announces a significant asset acquisition and a $20.0 million offering of units consisting of collateralized exchange listed notes(tm) and warrants

* Acquisition is expected to provide manitok with a 37% increase to its anticipated corporate production for November 2016

* Total consideration for acquisition is $13.5 million before closing adjustments, payable in a combination of cash and units Source text for Eikon: Further company coverage:

 


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