KERM'S KORNER Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : KERM'S KORNER

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kerm Yerman who wrote (8859)	2/5/1998 9:08:00 PM
From: Arnie	Read Replies (6) of 15196

ACQUISITION / Valiant Enterprises to acquire Valiant Resources CALGARY, Feb. 5 /CNW/ - Valiant Enterprises Ltd. (VEL) is finalizing negotiations for the purchase of Valiant Resources Ltd., a related privately owned company for an undisclosed amount and will subsequently seek regulatory approval for the transaction. Valiant Resources Ltd. is a Calgary based petroleum exploration company that has recently acquired a 110,000 acre exploration license in Israel. Engineering reports indicate recoverable oil reserves of 43.5 million barrels. VEL will make payment of the purchase with cumulative first preferred shares over a 15 year term. The first preferred shares will be redeemable or convertible at VEL's option, all or in part, at anytime during the term.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next