BULLETIN V2024-0752
MCF ENERGY LTD. ("MCF")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 8, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation in respect of Amalgamation Agreement (the "Agreement") dated February 23, 2024, between an arm's length party (the "Vendor") and MCF Energy Ltd. ("the Company"). Pursuant to the Agreement, the Company has agreed to acquire three production licences covering 6,880 acres (27.8 sq km), and three exploration licences covering 42,551.5 acres (172.2 sq km located in Northeast Moravia, in the Czech Republic.
As a consideration, the Company must issue 17.5 million shares over a period of 12 months, and a cash payment of US$1,325,000.
Also, the Company will pay a finder's fee of 350,000 shares to Fiore Management & Advisory Corp.
For further details, please refer to the Company's news release dated February 26, 2024.
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