Current MEI:CA Stock Info

New acreage and production
Calgary-based Manitok Energy (ticker: MEI) announced today that it will acquire Raimount Energy (ticker: RMT) in an all-stock transaction.

Under the terms of the agreement, Manitok will acquire issued and outstanding common shares of Raimount through its wholly owned subsidiary 197746 Alberta Inc. (Acquireco). Each Raimount shareholder will receive six common shares and one and one-half common share purchase warrants for each Raimount share held.

Raimount’s assets include $5.3 million in cash, 65 BOEPD (95% ga...

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