Canadian Leader Concludes Acquisitions.CALGARY, Alberta--(BUSINESS WIRE)--Jan. 30, 1995--CANADIAN LEADER ENERGY (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :LOL "Laughing out loud" or "lots of luck." See digispeak. (chat) LOL - "laughing out loud", or "lots of love" or "luck". ) Canadian Leader Energy Inc. ("Canadian Leader") announces that it has concluded the previously announced acquisitions of Sunlite Oil Company Limited and 41.98% of Canadian Oil and Gas Limited Partnership-1. Canadian Leader announces that it has satisfied all of the requirements under which special warrant financing totalling $3.8 million was raised. On January 26, 1995, Canadian Leader received a final receipt for the prospectus qualifying the special warrants. Canadian Leader's common shares will begin trading on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. on January 31, 1995 under the trading symbol Trading symbol See: Ticker symbol "LOL". Under the terms of the special warrants, funds currently held in escrow will be released to the company 10 days following final receipt. Canadian Leader Energy Inc. also announces that Barry W. Swan, C.A., has been appointed executive vice present, chief financial officer and director of the company. Mr. Swan brings to the company over 20 years of extensive oil and gas industry experience. With the conclusion of the Sunlite and Partnership acquisitions Canadian Leader Energy Inc. has daily oil and gas production of approximately 800 barrels of oil equivalent (BOE BOE Based on Experience BOE Board of Education BOE BoletÃn Oficial del Estado (Spanish) BOE Bank of England BOE Board of Equalization BOE Board of Elections BOE Barrel of Oil Equivalent BOE Bind on Equip ). CONTACT: Jeffrey L. Standen Chairman and C.E.O. or Paul W.M. Read President and C.O.O. (403) 264-1095 (403) 264-6111 (FAX) REPEATS: New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion