Santos Completes US$221-million Sale of Non-core Asian Assets

Following a May announcement, Santos (ASX:STO) has completed the sale of its non-core Asian portfolio to Ophir Energy (LSE:OPHR). With the sale’s completion, Santos has received cash proceeds of US$ 144 million, representing the US$ 221-million sale price after standard adjustments such as net free cashflows generated by the assets. Santos’ net debt was reduced […]

Aphria Confirms Sale of Remaining US Asset

Canadian licensed producer Aphria (TSX:APH) announced on Thursday (September 6) a deal to sell its remaining shares in US-focused multi-state operator Liberty Health Sciences (CSE:LHS). The deal will see the sale of over 64 million shares from Liberty to a separate group of buyers. Aphria said this move will improve its liquidity. “Not only does this […]

Tartisan Signs Binding Letter of Intent for the Sale of the Alexo-Kelex Nickel Project

Tartisan Nickel Corp. (CSE:TN) (“Tartisan”, or the “Company”) is pleased to announce that the Company has signed a binding Letter of Intent with VaniCom Limited (“VaniCom”) of Perth, Western Australia for the sale of a 100% interest in the Alexo-Kelex Nickel Project located near Iroquois Falls, Ontario (the “Property”). The purchase terms include a payment of […]

Black Box Announces the Closing of the Sale of Its Federal Business

Black Box (NASDAQ:BBOX) announced that it has closed its previously announced agreement to sell its Federal Government IT Services Business to Arlington Capital Partners for a cash purchase price of US$ 75 million. The company said that Arlington Partners, a leading prove equity firm purchased 100 percent of equity interests on debt free, cash free […]

Pattern Energy Completes Sale of Operations in Chile

Pattern Energy (NASDAQ:PEGI;TSX:PEGI) announced that it completed the sale of company’s operations in Chile to affiliates of Arroyo Energy Investors for US$ 70.5 million. The company said that its Chile operations consist of 81 MW owned interest in the 115 MW EI Arrayan Wind Project. Further, Pattern Energy noted that transaction related expenses were US$ […]

Maple Leaf Green World CEO: Near-term Cultivation and Sale of Cannabis for the Medicinal Market

Maple Leaf Green World (OTCQB:MGWFF,NEO:MGW) CEO Raymond Lai believes there are vast opportunities for cannabis companies tied to the growth of the North American markets. In the interview below, Lai discusses the company’s facilities in BC, Nevada and California, the first of which will be completed within this year. Using its experience in eco-agriculture and […]

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Eagle Energy Reports Sale of Twining Assets

Eagle Energy (TSX:EGL) announced it has signed an agreement to sell its entire interest in its oil and natural gas properties near Twining, Alberta to a third party for cash consideration of C$ 13,820,000 before customary post-closing adjustments. The sale is expected to close on or about August 28, 2018, subject to customary closing conditions. The deal is part […]