M&A
Upstream
Madalena Files Early Warning Report
On June 28, 2016 Madalena Energy Inc. and Point Loma Energy Ltd. completed a transaction pursuant to which, among other things, Point Loma acquired Madalena's non-core Canadian petroleum and natural gas assets focused in the Paddle River area of Alberta in exchange for common shares in the capital of Point Loma and a senior subordinate convertible debenture of Point Loma in the amount of $3 million with a five-year term accruing interest at three per cent per annum.
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