BULLETIN V2024-3752
CROWN POINT ENERGY INC. ("CWV")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 13, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an asset sale and purchase agreement (the "Agreement"), dated as of February 1, 2024, between Crown Point Energy Inc. (the "Company") and an arm's length seller (the "Seller"), to acquire all of Seller's right, title and interest in the Piedra Clavada and Koluel Kaike hydrocarbons exploitation concessions located in the Santa Cruz Province, Argentina. Pursuant to the Agreement, the purchase price payable by the Company to the Seller is US$12,000,000 cash base consideration (subject to customary closing adjustments), plus contingent in-kind consideration of up to 600 bbl/d over 15 years, subject to monthly oil market prices.
For more information, refer to the Company's press releases dated February 9, 2024, April 15, 2024 and October 31, 2024.
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