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Laredo Petroleum Announces Transformative Transactions


Laredo Petroleum Announces Transformative Transactions
Acquisition of High-Margin, Oil-Weighted Howard County Leasehold
Divestiture of Gas-Weighted Reserves in Reagan/Glasscock Counties
TULSA, OK, May 09, 2021 (GLOBE NEWSWIRE) Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or the “Company”) today announced the signing of a purchase and sale agreement to acquire the assets of Sabalo Energy, LLC (“Sabalo”), a portfolio company of EnCap Investments L.P. (“EnCap”), and a non-operating partner for approximately $715 million, subject to customary closing price adjustments, comprised of $625 million in cash and approximately 2.5 million shares of Laredo common equity. Additionally, the Company announced the sale of 37.5% of its operated proved developed producing (“PDP”) reserves in its legacy leasehold in Reagan and Glasscock counties (“Legacy”) to an affiliate of Sixth Street Partners, LLC (“Sixth Street”) for proceeds of $405 million and additio ....

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Silver Elephant Mining Corp.: Silver Elephant Signs Definitive Agreement to Acquire Minago Nickel Project in Thompson Nickel Belt Manitoba, Canada


Silver Elephant Mining Corp.: Silver Elephant Signs Definitive Agreement to Acquire Minago Nickel Project in Thompson Nickel Belt Manitoba, Canada
APA ) with Victory Nickel Inc. (
Victory Nickel ) to acquire the Minago Nickel Project located in Thompson nickel belt (
TNB ), Manitoba, Canada (the
Proposed Transaction Summary
Subject to the terms of the APA, Silver Elephant has agreed to acquire the Minago Project from Victory Nickel for aggregate consideration of US$11,675,000, which consists of a US$6,675,000 (
Property Payment ) credit against certain secured debt owed by Victory Nickel to Silver Elephant at closing and US$5,000,000 in Silver Elephant common shares (
Consideration Shares ) to be issued over a one-year period. ....

Hudson Bay , British Columbia , John Lee , Danniel Oosterman , Dan Oosterman , Ken Hoffman , Thompson Dome , Neither The Toronto Stock Exchange , Canada Stock Exchange , Victory Nickel Inc , Silver Elephant Mining Corp , Hudson Bay Railway Company , Company Vice , Toronto Stock Exchange , Mckinsey Company , Canadian Securities Exchange , Regulation Services Provider , Opswagan Group , Silver Elephant Mining , Asset Purchase Agreement , Victory Nickel , Minago Nickel Project , Silver Elephant , Minago Project , Canada Stock , Vice President ,