Aug 21, 2014
Newcastle Energy Corp receives approval for Share Capital Consolidation by Shareholders and TSX Vent...
Aug 01, 2014
Newcastle Investment In Maha Energy Update
Jun 10, 2014
Newcastle Energy Proposes Share Consolidation
On April 30, 2014, the Company closed the sale of its remaining interest in the Lak Ranch Oil Project, its sole remaining operating asset, to Maha Energy Corp. a private Calgary based energy company.
Consideration received from Maha included, among other things, shares in Maha. Maha is in the process of becoming a publicly traded entity. The Maha shares are the most significant asset of the Company and as the value of these private company shares is uncertain, management is waiting for the completion of the Maha liquidity process before planning a future course for the Company.
|Corporate | News Releases | Projects | Investor Info | Contact Us | QwikReport | Home | Disclaimer|