MFC Industrial and Compton Petroleum, today announced that all of the conditions under MFC's offer for all of the outstanding common shares of Compton have been satisfied and that MFC has, through its subsidiary taken-up and accepted for payment approximately 24.7 million Compton Shares deposited as of the expiry of the Offer today, representing [...]
Compton Petroleum announces that MFC Industrial has extended the expiry time of its take-over bid offer for all of Compton's outstanding shares for cash consideration of $1.25 per Common Share to 5:00 p.m. (PDT) on September 6, 2012. The Offer has been extended as MFC is awaiting consent in respect of the change of control provisions of Compton's [...]
Compton announces that MFC Industrial has extended the expiry time of its take-over bid offer for all of Compton's outstanding shares for cash consideration of $1.25 per Common Share to 5:00 p.m. (PDT) on August 27, 2012. As at the date hereof, approximately 24.1 million Compton Shares have been deposited to the Offer, representing approximately [...]
Compton Petroleum reports its financial and operating results for the second quarter ended June 30, 2012. The full text of Management's Discussion and Analysis and the Corporation's audited consolidated financial statements can be found on the Corporation's website at comptonpetroleum.com and at www.sedar.com.
Compton Petroleum announces that it has mailed to shareholders its Directors' Circular related to the take-over bid offer (by MFC Industrial announced on July 9, 2012. In addition, MFC has mailed its offer and take-over bid circular to Compton shareholders. Pursuant to the Bid, MFC is offering to acquire all of the outstanding shares ("Common [...]
Compton Petroleum is pleased to announce that it has entered into a support agreement with MFC Industrial pursuant to which MFC has agreed to offer to acquire all of the issued and outstanding shares of the Corporation. Concurrent with the Support Agreement, Compton has also entered into an equity private placement agreement with MFC for gross [...]
Compton announces that it has entered into a purchase and sale agreement relating to the disposition of its Bigoray assets, located near the Niton area in Central Alberta, subject to approval of its lenders. As part of this sale agreement, approximately 5,600 gross acres of Cardium Formation mineral rights at the Corporation's Niton property will [...]
Compton Petroleum announces a further extension of the cure period to July 6, 2012 for the repayment of $30.0 million drawn on its credit facility over the available amount of $110.0 million; previously due June 22, 2012. The extension reflects continued progress made by the Corporation with its recapitalization, assisted by RBC Capital Markets.
Compton Petroleum announces a further extension of the cure period to June 22, 2012 for the repayment of $30.0 million drawn on its credit facility over the available amount of $110.0 million; previously due June 8, 2012. The extension reflects continued progress made by the Corporation with its recapitalization, assisted by RBC Capital Markets.
Compton announces the second extension of the cure period to June 8, 2012 for the repayment of $30.0 million drawn on its credit facility over the available amount of $110.0 million; previously due May 23, 2012. The extension reflects the progress made by the Corporation and RBC Capital Markets with its recapitalization.
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