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    BEN.H   CA1241021049

BUTTE ENERGY INC.

(BEN.H)
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Stone's Throw Capital Inc. completed the acquisition of 68.6% stake in Butte Energy Inc. (TSXV:BEN.H) from Victor Redekop and Charles Bill Baker.

01/02/2018 EST

Stone's Throw Capital Inc. entered into a share purchase agreement to acquire 68.6% stake in Butte Energy Inc. (TSXV:BEN.H) from Victor Redekop and Charles Bill Baker for CAD 2 on December 1, 2017. In a related transaction, Butte Energy entered into a convertible loan agreement with Stone's Throw, pursuant to which Butte Energy will borrow the principal amount of CAD 0.3 million from Stone's Throw, which will bear interest at 10% per annum and is repayable on the date that is 12 months from the date of issuance. Butte Energy also entered into a debt purchase and settlement agreement with Victor Redekop, Bill Baker, Sand Hills Energy Inc. and Stone's Throw pursuant to which, Victor Redekop, Bill Baker and Sand Hills have agreed to sell their indebtedness from Butte Energy in the aggregate amount of CAD 12.97 million and Butte Energy and Stone's Throw have agreed to settle the purchased debt by the issuance to Stone's Throw of an aggregate of approximately 260 million common shares. Without taking into account any securities which may be issuable upon the conversion of the convertible loan, on closing, Stone's Throw will hold approximately 290 million of the then issued and outstanding common shares, representing 95.4% of the issued and outstanding common shares and therefore will become a control person of Butte Energy. The transaction is subject to standard industry closing conditions and approval by the TSXV. Pursuant to the policies of the TSXV, Butte Energy has received disinterested shareholder approval for the transaction. The transaction is expected to be completed on or before mid-December 2017. Stone's Throw Capital Inc. completed the acquisition of 68.6% stake in Butte Energy Inc. (TSXV:BEN.H) from Victor Redekop and Charles Bill Baker on January 2, 2018. Under the terms of the agreement, Stone's Throw Capital will acquire 25.7 million common shares from Victor Redekop and 4.3 million common shares from Charles Bill Baker.


ę S&P Capital IQ 2018
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Financials
Sales 2020 - - -
Net income 2020 -0,94 M -0,73 M -0,73 M
Net cash 2020 0,25 M 0,19 M 0,19 M
P/E ratio 2020 -78,6x
Yield 2020 -
Capitalization 55,9 M 43,7 M 43,9 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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