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Cona Resources Ltd.

Company Summary

Description

A portfolio company of Waterous Energy Fund

Related Entities

Recent news

  • 8/14/2020 - Waterous Energy Fund... (subscriber access)
  • 1/7/2020 - Cona Resources Completes... (subscriber access)
  • 12/20/2019 - Pengrowth Secures Court... (subscriber access)
  • 11/15/2019 - Pengrowth Secures... (subscriber access)
  • 11/1/2019 - Pengrowth Energy Reaches... (subscriber access)

Company Transactions

Date: 12/31/2019
Type: Acquisition

BUYERS:
  • Cona Resources Ltd.
  • Waterous Energy Fund, L.P.
    • SELLERS:
  • Pengrowth Energy Corporation
    • DETAILS:

    COST: 740 $MM

    NOTES:
    Pengrowth has reached a deal with Waterous Energy Fund backed Cona Resources, whereby Cona will repay all principal and accrued interest on Pengrowths credit facility and secured notes. They will also acquire all outstanding shares for a cash consideration of CDN$0.05 per share. The total value of the transaction is $740 million.
    REGIONS:
  • Canada