Printer Friendly

FAIRMONT RESOURCES INC. ANNOUNCES PACHANGA CORP. HAS ENTERED INTO AN AGREEMENT TO SELL SHARES

FAIRMONT RESOURCES INC. ANNOUNCES PACHANGA CORP. HAS ENTERED INTO AN
 AGREEMENT TO SELL SHARES
 CALGARY, Oct. 1 /CNW/ - Fairmont Resources Inc. ("FMN" on the ASE) announces that Pachanga Corp., the controlling shareholder of Fairmont Resources Inc. has entered into an agreement to sell 4,789,000 shares (approximately 66.98 percent of the issued capital) in Fairmont to a group of B.C. investors. The Agreement is subject to regulatory and shareholder approval and other matters. On closing, which is intended to be December 31, 1992, the Corporation will be vending out Fairmont's oil and gas assets and the new group will be arranging the purchase of producing oil and gas properties, the details of which will be announced when finalized. The Corporation intends to have a Special and General Shareholders Meeting on or about December 15, 1992 to consider approval of the various matters.
 The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.
 For further information: Allan J. Kent, President, Fairmont Resources Inc., (403) 265-2216
 (FMN.)
 -0- 10/01/92


CO: FAIRMONT RESOURCES INC. ST: -- c0105 -- X026 10/01/92
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 1, 1992
Words:185
Previous Article:NEWTEL ENTERPRISES LIMITED
Next Article:GULF SETS SEPTEMBER DIVIDEND RATE FOR SERIES 1 PREFERENCE SHARES
Topics:


Related Articles
CISTRON WILL USE EQUITY AGREEMENT PROCEEDS TO EXPAND INTERLEUKIN-1 INHIBITOR RESEARCH PROGRAM
CALDERA RESOURCES LTD. ANNOUNCES MANAGEMENT/MARKETING AGREEMENTS AND ASSET ACQUISITION
WESTERN AND PACIFIC RESOURCES CORP. SUBSIDIARY KELLY RESOURCE RECOVERY ENTERS INTO JOINT VENTURE
ZENITH SIGNS AGREEMENT FOR SALE OF COMMON SHARES TO FLETCHER CAPITAL MARKETS INC.
KATY INDUSTRIES, INC. RECEIVES LETTER OF INTENT
SYM-TEK SYSTEMS INC. BRINGS IN NEW EQUITY AND CANCELS MERGER AGREEMENT
Garden Fresh Completes $16.35 Per Share Merger.
Garden Fresh Restaurant Corp. to Merge With an Affiliate of Fairmont Capital, Inc. Garden Fresh Stockholders to Receive $16.35 Per Share in the...
Fairmont Completes Southtown Land Sale.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters