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Message: BRIEF-Junex Inc And Cuda Energy To Merge
2018-06-11 12:45:41 PM ET (Reuters)
   
   

June 11 (Reuters) - Junex Inc:

* JUNEX INC. AND CUDA ENERGY INC. ANNOUNCE STRATEGIC BUSINESS COMBINATION AND HIGH GROWTH WYOMING POWDER RIVER BASIN LIGHT OIL ACQUISITION

* JUNEX INC - IN CONNECTION WITH ARRANGEMENT NEW CUDA SHALL COMPLETE A 10 FOR 1 SHARE CONSOLIDATION

* JUNEX INC - NEW CUDA ENTERED INTO DEAL WITH AN ARM'S-LENGTH PARTY TO BUY A HIGH GROWTH LIGHT OIL ASSET IN POWDER RIVER BASIN IN WYOMING

* JUNEX INC - EACH CUDA SHAREHOLDER WILL RECEIVE 3.5856 COMMON SHARES AND 0.4167 OF AN ARRANGEMENT WARRANT OF NEW CUDA FOR EACH CUDA SHARE HELD

* JUNEX INC - DEAL TO BUY WYOMING ASSETS FOR CONSIDERATION OF $37 MILLION

* JUNEX - NEW CUDA WILL BE LED BY EXISTING MANAGEMENT TEAM OF CUDA INCLUDING GLENN DAWSON AS PRESIDENT & CEO, TERRY SCHNEIDER AS COO, RON PURVIS AS CFO Source text for Eikon: Further company coverage:

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