Paris Energy is pleased to announce it has obtained shareholder approval for a name change to Mapan Energy as well as a share consolidation of its common shares on a 1 for 12 basis. Post- consolidation, Mapan has 71.4 million shares outstanding. It is anticipated that Mapan will commence trading on a consolidated basis under its new name at the opening of trading on September 10, 2014 under the symbol "MPG". Letters of [...]
Paris Energy announces that Paris' board of directors has granted to its officers and directors and certain of its employees options to acquire an aggregate of 50,000,000 common shares of Paris at a price of $0.17 per share pursuant to Paris' share option plan. The options vest as to one-third on each of the first, second and third anniversaries of the date of grant, and have a term of 5 years. Paris currently has [...]
Mapan Energy and Paris Energy are pleased to announce the completion of their previously announced corporate transaction and Mapan's acquisition of certain oil and natural gas properties located in the Deep Basin of West Central Alberta and Northeastern British Columbia for a purchase price of $132.5 million (before customary closing adjustments), or $121.7 million after interim closing adjustments. The final closing [...]
Paris Energy Inc. announces that it has filed its financial statements and MD&A for the six months ended May 31, 2014. These documents can be accessed on the SEDAR website
Paris Energy and Mapan Energy, are pleased to announce that Mapan has increased its previously announced bought deal private placement with a syndicate of underwriters co-led by FirstEnergy Capital Corp. and GMP Securities L.P. and including Canaccord Genuity Corp. and Raymond James Ltd. (together, the "Underwriters"), whereby Mapan will now issue 63,300,000 subscription receipts at a price of $2.00 per subscription [...]
Paris Energy and Mapan Energy are pleased to announce that they have entered into an arrangement agreement whereby Paris will acquire all of the issued and outstanding shares of Mapan pursuant to a plan of arrangement under the Business Corporations Act (Alberta) on the basis of twelve (12) common shares of Paris for each one (1) common share of Mapan, following which, management of Mapan will become management of Paris [...]
Paris Energy announces that it has entered into a non-binding letter of intent with respect to a possible corporate transaction. There are no assurances that a definitive agreement with respect to the transaction will be entered into or that if entered into, that the transaction will be completed.
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