Border Petroleum Co (BOPFD) 0.0409 $BOPFD
Border Announces Closing of Asset Sale
Marketwire - Thu May 01, 10:01PM CDT
Border Petroleum Limited ("Border" or the "Corporation"
(TSX VENTURE: BOR) announces that, subject to final TSX Venture Exchange approval, it has completed an arm's length transaction pursuant to an Agreement of Purchase and Sale between the Corporation and a private limited partnership whereby the Corporation has divested of its Leduc assets in consideration for $1,800,000 in cash.
Border Announces Conclusion of Strategic Process, Termination of Special Committee, Advisor Engagements and COO Contract
Marketwire - Thu Mar 27, 4:01PM CDT
Border Petroleum Limited ("Border" or the "Corporation" (TSX VENTURE: BOR)announces the conclusion of the formal strategic alternatives process announced in April 2013, the termination of the special committee, and the termination of the advisors on mutually agreeable terms. The strategic review process was to identify, examine and consider a range of strategic alternatives available to the Corporation, with a view to maximizing shareholder value. The Corporation has completed one asset sale and a second asset sale has been announced and remains subject to closing conditions. Management is hopeful that an escrow closing of the second asset sale will occur during the next 2 weeks, with final closing to occur after well licence transfers have been approved by the Alberta Energy Regulator. Upon the successful closing of the second asset sale, Border will have a positive working capital balance of approximately $4.1 million.
Border Announces Closing of Asset Sale
Marketwire - Thu May 01, 10:01PM CDT
Border Petroleum Limited ("Border" or the "Corporation"
(TSX VENTURE: BOR) announces that, subject to final TSX Venture Exchange approval, it has completed an arm's length transaction pursuant to an Agreement of Purchase and Sale between the Corporation and a private limited partnership whereby the Corporation has divested of its Leduc assets in consideration for $1,800,000 in cash. Border Announces Conclusion of Strategic Process, Termination of Special Committee, Advisor Engagements and COO Contract
Marketwire - Thu Mar 27, 4:01PM CDT
Border Petroleum Limited ("Border" or the "Corporation"
(TSX VENTURE: BOR)announces the conclusion of the formal strategic alternatives process announced in April 2013, the termination of the special committee, and the termination of the advisors on mutually agreeable terms. The strategic review process was to identify, examine and consider a range of strategic alternatives available to the Corporation, with a view to maximizing shareholder value. The Corporation has completed one asset sale and a second asset sale has been announced and remains subject to closing conditions. Management is hopeful that an escrow closing of the second asset sale will occur during the next 2 weeks, with final closing to occur after well licence transfers have been approved by the Alberta Energy Regulator. Upon the successful closing of the second asset sale, Border will have a positive working capital balance of approximately $4.1 million. 
