Forent Energy Ltd (FEN.V)
Latest Key Developments (Source: Significant Developments)
April 18 (Reuters) - Forent Energy Ltd
Forent Energy Ltd:Acquisition of oil weighted production in Company's core area of Twining near Three Hills, Alberta.Purchase price is $4.0 million less adjustments, subject to a 10% royalty with a put/call arrangement.Says will acquire over 70 gross sections of land including producing oil and natural gas assets surrounding core area of Twining. Full Article
Forent Energy Ltd:Says increasing the size of its previously announced equity offerings.Increasing size offerings from contemplated $2.0 million to up to $2.5 million at 40 cents per share.Net proceeds from the private placement will be used to strengthen Forent's balance sheet and for general corporate purposes. Full Article
* Says company is continuing to pursue strategic alternatives within timeline of notice period.