SOQDF News Alert Sonde Resources Corp (SOQDF) 0.0005 02/15/2015
Post# of 64074
Posted On: 02/15/2015 2:47:28 PM
Sonde Resources Corp (SOQDF) 0.0005 $SOQDF
Sonde Resources Corp. Files for Bankruptcy
Marketwired - Mon Feb 02, 3:30PM CST
Sonde Resources Corp. ("Sonde" or the "Company"
(TSX VENTURE: SOQ)(NYSE MKT: SOQ) announced today that it has filed a voluntary assignment in bankruptcy pursuant to the provisions of the Bankruptcy and Insolvency Act (Canada). In conjunction with this filing, FTI Consulting Canada Inc. has been appointed as Trustee in Bankruptcy.
SOQ.VN: 0.005 (unch), SOQ: 0.05 (-0.01)
Sonde Resources Corp. Executes Exclusivity Agreement and Pays Exploratory Well Penalty
Marketwired - Mon Dec 15, 8:26AM CST
Sonde Resources Corp. ("Sonde" or the "Company" (TSX VENTURE: SOQ)(NYSE MKT: SOQ) announced today that the Company has executed an Exclusivity and Sale and Purchase Agreement with an arm's length party (the "Exclusivity Agreement" . The Exclusivity Agreement provides for a 90-day period of exclusivity during which the parties have agreed to negotiate in good faith the terms of definitive documentation (Sale and Purchase Agreement and ancillary agreements) to complete the sale of the shares of Sonde North Africa B.V. ("Sonde BV" , the Company's wholly owned subsidiary that is the party to the Exploration and Production Sharing Agreement ("EPSA" for the Joint Oil Block in North Africa (the "Acquisition" . The consideration for the Acquisition is US$8 million, less any sums paid by the purchaser on Sonde's behalf. The Company will receive US$2 million (the "Prepayment" of the purchase price in two installments: US$1 million upon the satisfaction of certain conditions relating to transfer of certain assets held by Sonde BV to the purchaser and US$1 million on January 31, 2015. The Prepayment, if paid, is non-refundable and will be applied to the negotiated purchase price of US$8 million. The Company intends to use the Prepayment to fund its expenses in connection with the negotiation of the definitive documentation relating to the Acquisition and for working capital.
SOQ.VN: 0.005 (unch), SOQ: 0.05 (-0.01)
Sonde Resources Corp. Files for Bankruptcy
Marketwired - Mon Feb 02, 3:30PM CST
Sonde Resources Corp. ("Sonde" or the "Company"
(TSX VENTURE: SOQ)(NYSE MKT: SOQ) announced today that it has filed a voluntary assignment in bankruptcy pursuant to the provisions of the Bankruptcy and Insolvency Act (Canada). In conjunction with this filing, FTI Consulting Canada Inc. has been appointed as Trustee in Bankruptcy. SOQ.VN: 0.005 (unch), SOQ: 0.05 (-0.01)
Sonde Resources Corp. Executes Exclusivity Agreement and Pays Exploratory Well Penalty
Marketwired - Mon Dec 15, 8:26AM CST
Sonde Resources Corp. ("Sonde" or the "Company"
(TSX VENTURE: SOQ)(NYSE MKT: SOQ) announced today that the Company has executed an Exclusivity and Sale and Purchase Agreement with an arm's length party (the "Exclusivity Agreement" . The Exclusivity Agreement provides for a 90-day period of exclusivity during which the parties have agreed to negotiate in good faith the terms of definitive documentation (Sale and Purchase Agreement and ancillary agreements) to complete the sale of the shares of Sonde North Africa B.V. ("Sonde BV" , the Company's wholly owned subsidiary that is the party to the Exploration and Production Sharing Agreement ("EPSA" for the Joint Oil Block in North Africa (the "Acquisition" . The consideration for the Acquisition is US$8 million, less any sums paid by the purchaser on Sonde's behalf. The Company will receive US$2 million (the "Prepayment" of the purchase price in two installments: US$1 million upon the satisfaction of certain conditions relating to transfer of certain assets held by Sonde BV to the purchaser and US$1 million on January 31, 2015. The Prepayment, if paid, is non-refundable and will be applied to the negotiated purchase price of US$8 million. The Company intends to use the Prepayment to fund its expenses in connection with the negotiation of the definitive documentation relating to the Acquisition and for working capital. SOQ.VN: 0.005 (unch), SOQ: 0.05 (-0.01)
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