LGX Oil + Gas Inc. Announces Initiation of Strategic Review Process
02 February 2016 - 8:39AM
PR Newswire (Canada)
CALGARY, Feb. 1, 2016 /CNW/ - LGX Oil + Gas Inc.
("LGX" or the "Company") (TSXV: OIL) believes that its current
share price is not reflective of the long term value within the
Company's asset base, and therefore has initiated a process
to consider a range of strategic alternatives available to the
Company, with a view to enhancing shareholder value.These
alternatives may include, but are not limited to, a sale of all or
a material portion of the LGX assets, the outright sale of the
Company, or merger or other transaction involving a third party,
and/or alternative financing initiatives.
LGX has engaged Sayer Energy Advisors to advise the Company in
connection with this comprehensive review and analysis of strategic
alternatives in connection with the process.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE LGX Oil + Gas Inc.
Copyright 2016 Canada NewsWire
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