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    BEN.H   CA1241021049

BUTTE ENERGY INC.

(BEN.H)
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RKSmith Energy Corp. completed the acquisition of Chigwell properties from Butte Energy Inc. (TSXV:BEN.H).

08/15/2017 EST

RKSmith Energy Corp. entered into an agreement to acquire Chigwell properties from Butte Energy Inc. (TSXV:BEN.H) for CAD 0.04 million on June 30, 2017. The closing of the transaction is contingent upon customary closing conditions, including Butte Energy obtaining the applicable regulatory approvals and approval by Butte Energy’s shareholders. As of August 1, 2017, Butte Energy's shareholders approved the transaction. Butte Energy intends to use the proceeds from the transaction for the settlement of obligations and after the payment of its liabilities, Butte Energy anticipates that there will be no residual for a distribution to shareholders. RKSmith Energy Corp. completed the acquisition of Chigwell properties from Butte Energy Inc. (TSXV:BEN.H) on August 15, 2017.


© S&P Capital IQ 2017
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Financials
Sales 2020 - - -
Net income 2020 -0,94 M -0,74 M -0,74 M
Net cash 2020 0,25 M 0,19 M 0,19 M
P/E ratio 2020 -78,6x
Yield 2020 -
Capitalization 54,3 M 42,9 M 42,9 M
EV / Sales 2019 -
EV / Sales 2020 -
Nbr of Employees -
Free-Float 56,8%
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Managers and Directors
Geir L. Liland Chief Executive Officer & Director
Joanna Vastardis Chief Financial Officer & Secretary
Donald Jeffrey Harder Independent Director
Travis Howard Musgrave Independent Director
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