BRIEF-Gemini reports Q1 net loss per share of $0.04
* Now expecting revenue for 2017 to be less than 2016 but expects activity to pick up in second half of 2017 into 2018 Source text for Eikon: Further company coverage:
Oct 23 Canada's Tourmaline Oil Corp said it will buy privately held oil and gas producer Huron Energy Corp in an all-share deal valued at about C$258 million ($259.7 million) to expand its presence in the Montney shale region in British Columbia.
The acquisition will add about 5,500 barrels of oil equivalent per day to current production, Tourmaline said.
Huron shareholders will receive 0.07644 of a common share of Tourmaline for each Huron share held.
Tourmaline said it will issue about 7.4 million common shares to acquire Huron. The company had 165.2 million shares outstanding as of Sept. 26, according to Thomson Reuters data.
The deal is expected to close in early December.
* Ironhorse announces Q1 2017 financial and operating results
* AT&T announces IBEW-represented employees vote to ratify midwest wireline agreement