CEIBA ENERGY SERVICES INC. ("CEB")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 7, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to a Share Purchase Agreement dated January 24, 2014 (the "Agreement"), between the Company and two arm's length parties (the "Vendors). Pursuant to the Agreement, the Company has agreed to acquire all outstanding securities of Cam-Star Resources (1990) Ltd. ("Cam-Star"), a privately owned operator of water disposal facilities located in Camrose, Alberta, with principle assets comprised of three operating disposal wells, one suspended disposal well and one suspended producing well located Central Alberta. In consideration the Company will pay $2,500,000 in cash, subject to closing adjustments, to the Vendors.
Additionally, the Exchange consents to a finder's fee of $100,000 payable to 800826 Alberta Ltd.
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