Current CUDA Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

Cuda Oil and Gas to sell all of its Quebec assets for a transaction value of US $8.05 Million
Cuda Oil and Gas Inc. (stock ticker: CUDA), a Calgary-based E&P with operations across North America, has entered into a series of binding asset purchase agreements (APAs) to sell all of its properties and related liabilities located in Quebec to unnamed, arms-length purchasers.

The transaction, which is expected to close on or about August 30, has a total value of approximately US $8.05 million (CAD $10.59 million), including US $3.26 million (CAD $4.29 million) in cash consideration at closing.

Source: Cuda Oil and Gas

“This is a significant transaction for Cuda shareholders...

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