2009-05-20-2007-05-01-2007-07-01
Transaction Type
Sellers
Announce Date
Post Date
Close Date
Estimated Price
CA$20.5MM
Description
Purchased co., adding 82 sections in AB.
Canadian Imperial Venture Corp., St. John's, Newfoundland, (Toronto Venture: CQV) has closed its acquisition of privately held, Alberta-based USG Energy Corp. for approximately C$20.5 million in stock, involving up to 185.5 million shares at C$0.11 each. USG has assets in 82 sections (49.5 net) of Cretaceous petroleum rights in Alberta. Calgary-based Tectonics Inc., a USG vendor, owns 48.5 million Canadian Imperial shares, or 12.1%.