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    Westar Oil to Acquire Terax Energy - at $6.75 per Share - 500 Beiträge pro Seite

    eröffnet am 08.06.07 13:07:27 von
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     Ja Nein
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      schrieb am 08.06.07 13:07:27
      Beitrag Nr. 1 ()
      T5EA


      !!!!!!!!!!!!

      :eek:

      Market Wire) Westar Oil to Acquire Terax Energy With Share Exchange Agreement
      o Value Terax Energy at $6.75 per Share


      DALLAS, TX -- (MARKET WIRE) -- 06/08/07 -- Terax Energy (OTCBB: TEXG) announced
      today that
      Westar Oil Inc has acquired the senior debt position held by third party
      creditors in the amount of Three Million Dollars. Westar intends to convert
      the debt into stock of Terax Energy at a value of $6.75 per share. Westar
      has also announced its intention to enter into a share exchange agreement
      with Terax Energy in which Westar shares will be valued at $24.50 per share
      and Terax shares will be valued at $6.75 per share. That exchange will be
      effective for all shareholders of record as of June 21, 2007.





      Terax has also elected to extend its current leasehold interests as well as
      bring back online the wells located in Erath County. Currently there are
      six wells which have been drilled and are set to be reworked on the Erath
      lease. It is expected that production will be established in the next 30
      days. The expected net cash flow from the rework of these six wells is in
      excess of $750,000 per month. The new company will be named Westar Oil and
      Gas Inc. Upon conclusion of the exchange and upon completion of certain
      purchase contracts which both Terax and Westar are in the process of
      finalizing, the combination is expected to result in a company with net
      cash flow in excess of 12 million dollars per year and reserves in excess
      of 150 million dollars. The assets will consist of properties located in
      Texas, Nevada, Arkansas, Mississippi, and Oklahoma.



      The closing of the transaction is subject to certain closing conditions,
      including, among other conditions: (i) receipt of all applicable permits,
      authorizations, consents, or approvals required consummating the exchange;
      (ii) neither the Companies having suffered any material adverse effect.



      About Terax Energy
      Avatar
      schrieb am 08.06.07 13:12:41
      Beitrag Nr. 2 ()
      Antwort auf Beitrag Nr.: 29.703.247 von V51 am 08.06.07 13:07:27wären 5 euro je aktie zum 21.juni :eek:

      dicker abschlag hier, news taufrisch
      Avatar
      schrieb am 08.06.07 13:14:30
      Beitrag Nr. 3 ()
      Avatar
      schrieb am 08.06.07 13:30:03
      Beitrag Nr. 4 ()
      Antwort auf Beitrag Nr.: 29.703.349 von V51 am 08.06.07 13:14:30bis zum 21 Juni:laugh: ich denke, wir sehen heute noch die 4,50:D


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      Westar Oil to Acquire Terax Energy - at $6.75 per Share