2009-08-11-2007-12-01-2007-12-01

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
CA$28.9MM
Description

Reverse takeover, gaining unconventional gas projects in Colorado shales in W. Canada.

Mooncor Oil & Gas Corp. (fka DVD Investments Ltd.), Toronto, (Toronto Venture: DVD-H) has closed a reverse take-over with privately owned, Thornhill, Ontario-based Mooncor Energy Inc. for approximately C$28.9 million in stock. It's new symbol is MOO. Mooncor Energy shareholders now hold 84.49% of the combined entity. Mooncor specializes in E&P for unconventional gas projects primarily in the Colorado shales in western Canada. Mooncor also has a coalbed-methane project and two conventional oil and gas projects in Alberta. Mooncor has drilled nine wells and has rights to earn working interests in five separate properties, consisting of 263,511 gross acres (126,625 net) of Crown leases in Alberta and Saskatchewan.