RAIMOUNT ENERGY INC. ("RMT")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 5, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to an Asset Purchase Agreement (the "Agreement") between the Company and 514421 Alberta Ltd. ("514 Alberta") to acquire 25% of the petroleum and natural gas interests in the Garrington and Woolford areas of Alberta held by 713 Alberta (the "Assets"). In consideration, the Company will make a cash payment of $250,000.00 and issue 865,733 common shares of the Company ("Shares") at a deemed price of $0.60 per Share, with up to a further 732,667 common shares to be issued to 514 Alberta also at a deemed price of $0.60 per Share upon achieving certain valuation thresholds in respect of the Assets on or before October 31, 2019.
Insider / Pro Group Participation:
Insider=Y /
Name ProGroup=P # of Shares
713443 Alberta Ltd.
(Steve Vavra) Y 865,733
For further information, please refer to the Company's press release dated June 16, 2016.
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