Border Announces Closing of Asset Sale

Source Press Release
Company Border Petroleum Limited 
Tags Asset Deals, Deals, Upstream Activities
Date May 01, 2014

Border Petroleum Limited  "(Border" or the "Corporation") (TSX VENTURE:BOR) announces that, subject to final TSX Venture Exchange approval, it has completed an arm's length transaction pursuant to an Agreement of Purchase and Sale between the Corporation and a private limited partnership whereby the Corporation has divested of its Leduc assets in consideration for $1,800,000 in cash.

Border also announces the termination of John Aihoshi's employment contract as Chief Financial Officer ("CFO"). Mr. Aihoshi will continue to serve in the CFO position on a consulting basis as part of management's commitment to the Corporation's future growth.

Source: EvaluateEnergy® ©2019 EvaluateEnergy Ltd