CGX ENERGY INC. ("OYL")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: August 17, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing an agreement to amend the Joint Operating Agreement originally signed between CGX Energy Inc. (the "Company") and a non-arm's length party of the Company (the "Non-Arm's Length Party") on January 30, 2019 and subsequently amended on July 21, 2022 (the "Agreement"). Pursuant to the Agreement, the Non-Arm's Length Party will acquire up to 4.7% of the Company's participating interest in the Corentyne block in exchange for funding the Company's additional expected outstanding share of the joint venture's associated with the Wei-1 well for up to approximately $16.5 million. For further information, refer to the Company's press release dated August 10, 2023.
_______________________________________
|
|
