Magnum Hunter Resources Corp. Closes Acquisition of Sharon Resources, Inc.
01 10월 2009 - 5:59AM
Marketwired
Magnum Hunter Resources Corporation (NYSE Amex: MHR) (the
"Company") announced today the Company has closed on the previously
announced agreement to acquire 100% of the capital stock of Sharon
Resources, Inc., a wholly owned subsidiary of Calgary based Sharon
Energy Ltd. (TSX-V: SHY). Magnum Hunter previously announced the
execution of a definitive agreement for the acquisition on
September 10, 2009.
Total consideration paid by Magnum Hunter for Sharon Resources,
Inc. was $2.35 Million (USD) and was 100% paid through the issuance
of 2,294,474 new restricted common shares of the Company. Post the
acquisition, the number of the Company's fully-diluted common
shares outstanding is approximately 43.1 Million. No debt or other
liabilities were assumed by Magnum Hunter and no other
consideration beyond the issuance of the new Magnum Hunter
restricted common shares described above were tendered to complete
this acquisition.
About Magnum Hunter Resources
Magnum Hunter Resources Corporation and subsidiaries are a
Houston, Texas based independent exploration and production company
engaged in the acquisition of exploratory leases and producing
properties, secondary enhanced oil recovery projects, exploratory
drilling, and production of oil and natural gas in the United
States.
For more information, please view our website at
www.magnumhunterresources.com
Forward-looking Statements
The statements contained in this press release that are not
historical are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended (the
"Securities Act"), and Section 21E of the Securities Exchange Act
of 1934, as amended (the "Exchange Act"), including statements,
without limitation, regarding the Company's expectations, beliefs,
intentions or strategies regarding the future. Such forward-looking
statements may relate to, among other things: (1) the Company's
proposed exploration and drilling operations on its various
properties, (2) the expected production and revenue from its
various properties, (3) the Company's proposed redirection as an
operator of certain properties and (4) estimates regarding the
reserve potential of its various properties. These statements are
qualified by important factors that could cause the Company's
actual results to differ materially from those reflected by the
forward-looking statements. Such factors include but are not
limited to: (1) the Company's ability to finance the continued
exploration, drilling and operation of its various properties, (2)
positive confirmation of the reserves, production and operating
expenses associated with its various properties; and (3) the
general risks associated with oil and gas exploration, development
and operation, including those risks and factors described from
time to time in the Company's reports and registration statements
filed with the Securities and Exchange Commission, including but
not limited to the Company's Annual Report on Form 10-K, Form
10-K/A and Form10-K/A for the year ended December 31, 2008 filed
with the Securities and Exchange Commission on March 31, 2009,
April 29, 2009 and September 11, 2009, respectively, and the
Company's Quarterly Reports on Form 10-Q for the quarters ending
March 31, 2009 and June 30, 2009, filed on My 11, 2009 and August
14, 2009, respectively. The Company cautions readers not to place
undue reliance on any forward-looking statements. The Company does
not undertake, and specifically disclaims any obligation, to update
or revise such statements to reflect new circumstances or
unanticipated events as they occur.
Contact: M. Bradley Davis Senior Vice President of Capital
Markets bdavis@magnumhunterresources.com (832) 203-4545
Sharon Enery Ltd (TSXV:SHY)
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부터 6월(6) 2024 으로 7월(7) 2024
Sharon Enery Ltd (TSXV:SHY)
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부터 7월(7) 2023 으로 7월(7) 2024