TAMO HUGE RM VALUED at $1.76 per share only .23
TAMM vends 1.3 billion barrels of Petroleum-initially-in-Place ("PIIP") for consideration paid by North Star of $162,500,000 Cdn paid in North Star shares issued from treasury. With 92,582,524 shares issued, the transaction would translate to $1.76 per share. In addition Tamm will continue to hold approximately 1.45 billion barrels of PIIP in its P&NG leases contiguous to these properties upon which on which North Star becomes the farm in Partner. The binding letter of intent and the subsequent agreements will be filed as an 8k.
