BULLETIN V2024-0467
ECO (ATLANTIC) OIL & GAS LTD. ("EOG")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: February 12, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the non-arm's length party (the "Purchaser") disposition of 6.25% Working Interest in Block 3B/4B (the "Asset").
Under the terms of the Agreement, the Company has agreed to sell the Asset for an aggregate cash consideration of US$10,500,000, subject to satisfaction of certain milestones by the Company and the Purchaser.
For further details, please refer to the Company's news releases dated July 11, 2023, July 19, 2023, and January 22, 2024.
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