Friday, December 10, 2010 3:43:14 PM
In addition, the Corporation's parent company, Kodiak Energy, Inc. has acquired in a series of transactions with third parties $927,610 USD of unsecured debt of Cougar Energy, Inc. The Board of Directors of Kodiak Energy, Inc. and Cougar Oil and Gas Canada, Inc. have agreed to convert $477,610 USD of this intercompany debt to common shares of Cougar at close of market December 8, 2010. The balance to be held as intercompany accounts for the interim.
However, does this mean that Kodiak is invested stronger in Cougar....?
Cougar looks like it is on the way up.
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