Condor Petroleum Inc. and Marsa Energy Inc. are pleased to announce the completion of the previously disclosed acquisition of Marsa by Condor by way of a statutory plan of arrangement. Pursuant to the Arrangement, Condor acquired all of the outstanding common shares of Marsa through the issuance of 1.84326 Condor common shares in exchange for each [...]
Marsa Energy Inc. announces that, in conjunction with the pending closing of the acquisition of Marsa by Condor Petroleum Inc, Mr. Ricardo Montes has resigned as Vice President of Finance and Chief Financial Officer and Mr. Sandy Quilty has been appointed the Corporation's Interim Chief Financial Officer, effective immediately. Mr. Montes was a [...]
Condor Petroleum Inc. and Marsa Energy Inc. are pleased to announce that our respective shareholders have approved all matters related to the proposed combination of Condor and Marsa previously announced on January 7, 2016 and detailed in our joint management information circular and proxy statement dated January 22, 2016. The plan of arrangement [...]
Condor Petroleum Inc. and Marsa Energy Inc. are pleased to announce that the Joint Management Information Circular and respective Form of Proxy and Letter of Transmittal have been mailed to shareholders of Condor and shareholders of Marsa and will be filed by each of Condor and Marsa under their respective profiles and be available for viewing on [...]
Condor Petroleum and Marsa Energy are pleased to announce that they have entered into an agreement that provides for the acquisition of Marsa by Condor, to create a well-capitalized company with significant exploration and development assets. The acquisition will be effected by way of a plan of arrangement (under the Business Corporations Act [...]
Marsa Energy is pleased to announce that it has reached a major milestone and has been awarded 4 production licenses on its Ortakoy permit in the Republic of Turkey.
Marsa Energy announced today that, subject to regulatory approval, it has granted 970,000 options to purchase common shares of Marsa of which 790,000 have been granted to directors and officers of the Company, in accordance with the Company's stock option plan. These options expire five years from the date of grant and have an exercise price of [...]
Marsa Energy is pleased to announce that it has made significant regulatory advances on its Ortakoy Licence in the Republic of Turkey and has also signed reserve based debt facility mandate letters with a European International Financial Institution and BNP Paribas.
Marsa Energy is pleased to announce that it has both increased the size, and completed the final tranche, of its previously announced non-brokered private placement (the "Offering"). Pursuant to this second tranche closing, Marsa issued 4,225,000 common shares at a price of $0.25 per common share for gross proceeds of $1,056,250. Together with the [...]
Marsa Energy is announcing that it has closed the first tranche of a non-brokered private placement offering of common shares for gross proceeds of $1,798,750, subject to TSX Venture Exchange final approval (the "Offering"). Marsa issued 7,195,000 common shares at a price of $0.25 per common share. Finders acting in connection with this tranche of [...]
Marsa Energy is announcing that it intends to raise up to $2,500,000 by way of a non-brokered private placement of common shares of the Company at a price of $0.25 per Common Share. Depending on market conditions, the Company reserves the right to increase the maximum gross proceeds under the Offering, subject to approval of the TSX Venture [...]
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