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Montana Exploration Corp announces share exchange agreement

Thursday, 6 Feb 2014 06:18pm EST 

Montana Exploration Corp:Says it has entered into a share exchange agreement with ANG Partners, Ltd., an affiliate of James Collins, a control person and director of Montana.Says pursuant to which Montana will purchase 7,777,778 common shares in the capital of Waldron Energy Corporation from ANG in exchange for the issuance to ANG of 14,000,000 common shares in the capital of Montana at a price of $0.25 per Montana share.Says ANG subscribed for the Waldron Shares at $0.45 per share for gross proceeds of $1,500,000 and $2,000,000 in connection with the previously announced extensions of the outside date for the closing of the previously announced arrangement between Montana and Waldron. 

Company Quote

0.01 +5.00%
29 Aug 2014