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SEC=IIROC in canada
here is the link:
http://www.iiroc.ca/Pages/default.aspx
@JoshRosner: Now hearing that @DavidHStevens has gotten BPC to do the bidding of #mortgagebankers & they are pushing for crappy Crapo Johnson floor vote
hi coach!
I read your input over at stockhouse. Great stuff! Great DD!
Obit, can UBS or pershing pay off this deal whenever at any price (like an American option) or do they have to wait till expiration for this swap (like a European option)?
Also, UBS is already in profitable territory by ~300million?
Yeah, I hear ya. People are idiots
He doesn't know anything look at his post history
REDDDDDD againnnnnnnnnnn =( I'll buy at $0.99
Now we see what happens =)
I can't wait for Q2 Financials to be released now!
Madalena Announces Closing of CDN$50 Million Bought Deal Offering
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./
TSXV Trading Symbol: MVN
OTC Trading Symbol: MDLNF
CALGARY, June 24, 2014 /CNW/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTC: MDLNF) is pleased to announce that it has closed its previously announced bought deal, short form prospectus offering of 98,100,000 subscription receipts of the Company ("Subscription Receipts") at a price of $0.51 per Subscription Receipt for aggregate gross proceeds of $50,031,000 (the "Offering"). The syndicate of underwriters for the Offering was led by Dundee Securities Ltd. and included RBC Capital Markets, Haywood Securities Inc., Beacon Securities Limited, National Bank Financial Inc., FirstEnergy Capital Corp., Mackie Research Capital Corporation, TD Securities Inc., Canaccord Genuity Corp., Jennings Capital Inc. and Raymond James Ltd. (the "Underwriters").
As previously announced, the Company will use the net proceeds from the Offering to fund the remaining cash component for the acquisition (the "Acquisition") of the Argentinean business unit of Gran Tierra Energy Inc. The gross proceeds from the Offering will be held in escrow pending the satisfaction of all conditions to the completion of the Acquisition (other than funding). The Acquisition is expected to close on or about June 25, 2014.
Pursuant to the Offering, the Underwriters have an option, exercisable at any time up to 30 days following closing of the Offering, in whole or in part, to purchase an additional 14,715,000 Subscription Receipts at a price of $0.51 per Subscription Receipt to cover over-allotments and for market stabilization purposes.
About Madalena - International and Domestic Assets (Pre-Acquisition)
Madalena is an independent, Canadian-based, international and domestic upstream oil and gas company whose main business activities include exploration, development and production of crude oil, natural gas liquids and natural gas.
Internationally, Madalena holds three large blocks within the Neuquén basin in Argentina where it is focused on the delineation of large petroleum in-place shale and unconventional resources in the Vaca Muerta and Lower Agrio shales, in addition to multiple tight sand plays. The Company is also implementing horizontal drilling and completions technology to high impact international plays and is currently focused on a conventional oil play in the Sierras Blancas formation. Madalena holds approximately 132,200 net acres on the Coiron Amargo (34,950 net acres), Curamhuele (50,600 net acres) and Cortadera (46,650 net acres) blocks.
Domestically, Madalena's core area of operations is located in the Greater Paddle River area of west-central Alberta where the Company holds approximately 195 gross (153 net) sections of land (approximately 78% average W.I.) encompassing light oil and liquids-rich gas resource plays. Madalena's primary domestic focus is to exploit its large inventory of horizontal drilling locations on its Ostracod oil and emerging oil & liquids-rich gas resource plays.
Madalena trades on the TSX Venture Exchange under the symbol MVN. Basic corporate information, recent news releases and regularly updated corporate presentations are available on the Company's website at www.madalenaenergy.com
Reader Advisories
Forward Looking Information
The information in this news release contains certain forward-looking statements. These statements relate to future events or our future performance, in particular, but not limited to, with respect to the timing of closing of the Acquisition and the Company's use of proceeds from the Offering. Statements relating to "reserves" are also deemed to be forward looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described exist in the quantities predicted or estimated and that the reserves can be profitably produced in the future. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "approximate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe", "would" and similar expressions. In particular, this news release contains forward-looking statements pertaining to operational activities to be conducted by the Company. These statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control, including: the impact of general economic conditions; industry conditions; changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced; fluctuations in commodity prices and foreign exchange and interest rates; stock market volatility and market valuations; volatility in market prices for oil and natural gas; liabilities inherent in oil and natural gas operations; uncertainties associated with estimating oil and natural gas reserves; competition for, among other things, capital, acquisitions, of reserves, undeveloped lands and skilled personnel; incorrect assessments of the value of acquisitions; changes in income tax laws or changes in tax laws and incentive programs relating to the oil and gas industry; geological, technical, drilling and processing problems and other difficulties in producing petroleum reserves; and obtaining required approvals of regulatory authorities. The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, such forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do, what benefits the Company will derive from them. These statements are subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. The forward-looking statements in this news release are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company undertakes no obligation to publicly update or revise any forward-looking statements. Investors are encouraged to review and consider the additional risk factors set forth in the Company's Annual Information Form, which is available on SEDAR at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
THE SECURITIES OFFERED HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS. THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL.
SOURCE Madalena Energy Inc.
Kevin Shaw, P.Eng, MBA
President and Chief Executive Officer
Madalena Energy Inc.
Phone: (403) 262-1901 (Ext. 230)
kdshaw@madalenaenergy.com
Thomas Love, CA
VP, Finance and Chief Financial Officer,
Madalena Energy Inc.
Phone: (403) 262-1901 (Ext. 227)
tlove@madalenaenergy.com
Copyright CNW Group 2014
http://web.tmxmoney.com/article.php?newsid=68605410&qm_symbol=MVN
Where are the gaps?
Typically I would have been worried as well but it makes no sense why we have dropped. Really, what has transpired (besides the drop in pps) to make you want to sell?
It's amazing how manipulated this has been with basically no negative news
computer science = CPSC
130k on the bid and 100 on the ask lmao
When stocks tend to ride the upper bollinger band (BB) (20,2) for a long period of time they tend to have a big drop afterwards that provides for a period of consolidation. Hopefully (bringing in that bias of being long) that logic can be applied to when the lower BB is ridden for a long period of time and a big pop ensues afterwards.
What do you think mr CPSC guy? =)
(p=>q) <=> (~q=>~p)
me as well my friend!
Last time it dropped this low in the last ~2 years was when we hit $1.00.
You see that 800k share buy? 3 million dollars. That answer why this has dropped?
800k shares bought near low of day lol
Went straight past 3.92. Why thank someone for getting it wrong lolololol
3.9 a long ways away from 4.5
It doesn't matter if we trade below 4 but it does matter that we close above 4
Down we go!!! To $0.99!!!
All quiet on the front while we wait for the bought deal offering to close.. :)
Divide that 2 million by 10 and you have the actual answer :)
Naw, I know what has changed. You could google it but frankly I could care less if you know :). I already know the password to cross the bridge troll.
I'll be a buyer at 0.20-0.25! :)
Lol your slight bashing about how nothing has changed amuses me and anyone who has a brain will be able to see through it. Nothing has changed, back to 0.83! Bad troll is bad (maybe even mad)
Because his avg pps is 4.75
Do you know anything that has recently happened with regards to the Perry injunctive? Or perhaps what is to come this week coming up?
hahaha i believe you are right!
"Tata" is big-yank. This guy isn't even worthy of a signature ending remark. :)
hahaha "Don't challenge my authoritie!"
don't worry folks, hes just mad because he was in fannie for sooooooooooooooooo long at a price of ~4.75, he then sold for ZERO profit and now is just bashing because he has nothing else to do since he made 0 money =)
oh it closed below 4 did it?
You switched to your non-short profile pic and fannie still going down =(((
Price going <$1
useLESS pump will not help IFON when below $1 :)
Any news on oral argument?