Alberta Oilsands Inc. (TSXV:AOS) agreed to acquire 80% of Cosmo Energy Limited and 80% of Gladiator Energy Limited for CAD 2.5 million on April 16, 2013. As per the deal, Alberta Oilsands will issue 25 million shares and $1.3 million (CAD 1.3 million) in cash. A finder's fee is payable in the form of the issuance of 1.9 million common shares at an attributed value of CAD 0.10 per common share to an arm's length third-party. Under the terms of the acquisition, Alberta ... Oilsands is responsible for initial pegging fees of CAD 0.093 million and annual license fees and charges of approximately CAD 0.235 million per annum. The shares and the finder shares are subject to a statutory hold period of four months plus one day. The deal is subject to TSX Venture Exchange approval. Adam Chambers of GMFB Communications acted as public relation advisor to Alberta Oilsands. All the conversions are made through www.oanda.com as on April 16, 2013.
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An unknown buyer acquired conventional oil and natural gas assets from Alberta Oilsands Inc. (TSXV:AOS) on March 6, 2013. Under the transaction, Alberta Oilsands received CAD 0.1 million in cash and three oil sands leases in the Lesimer area of Alberta as consideration in exchange for its conventional oil and natural gas assets. The Leismer oil sands leases consist of a 100% interest in two sections of land (Section 05-078-08W4 and Section 11-078-09W4), and a working ... interest of 80% in Section 19-077-09W, all of which lie within the Athabasca oil sands area. Adam Chambers of GMFB communications Inc. acted as the public relations advisor in the transaction.
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Alberta Oilsands Inc. (TSXV:AOS) agreed to acquire 85% stake in blocks 2712A and 2812A located in Orange basin for $4.1 million in cash and stock on December 18, 2012. The purchase price includes $1.5 million in cash and $1.6 million in stock through the issuance of 20 million shares. An additional $1 million is payable on the 1st anniversary of the closing date. The shares to be issued are subject to a statutory hold period of four months plus one day. The acquisition ... remains subject to TSX Venture Exchange approval. A finder's fee is payable in the form of the issuance of 2.25 million common shares. Adam Chambers of GMFB Communications acted as public relations advisor for Alberta Oilsands.
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