BRIEF-Chinook Energy announces proposed distribution of shares of Craft Oil Ltd to shareholders

Mon Oct 17, 2016 6:12am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Oct 17 (Reuters) - Chinook Energy Inc

* Chinook Energy announces proposed distribution of shares of Craft Oil Ltd to Chinook shareholders and provides update in respect of Craft Oil Ltd.

* Says will undertake a plan of arrangement to effect distribution of all of common shares of Craft Oil Ltd

* Chinook Energy-its unit craft, has entered into a purchase and sale agreement to sell certain Alberta properties for gross proceeds of $13.5 million Source text for Eikon: Further company coverage: