oil & gas assets
You have accessed this news story:

Ikkuma to fund exploration, reduce debt after asset sale

Feed Icon
Ikkuma Resources sold midstream assets in the Alberta foothills for $30 million, including 23 million in readily available cash. The company plans to use proceeds from the asset sale to pay down debt and to finance capital expenditures required through the issue of its CEE flow-through shares. In September, Ikkuma issued 15.1 million CEE flow-through shares for $0.82 each, generating proceeds of $12.4 million. Under provisions of the Income Tax Act, Ikkuma is obligated to spend $12.1 million on exploration......
Provide your credentials to access this page

Member Area: Log in if you have a PLS web account or Sign up for internet access now.

PLS Web Client?
Log in to proceed

Sign up for PLS Reports
& Web Access!

Already subscribed to Reports?
Sign up for Web Access!
Search For More News