deri21
4 years ago
$ANTGF Advantagewon Oil Corp. (CSE: AOC) (OTC PINK: ANTGF), (the "Corporation", "Advantagewon", "AOC") announced today that further to its press release dated May 22, 2020, it has signed the Definitive Agreement ("DA") to acquire all the issued and outstanding common shares of Groundstar Resources Limited (TSXV: GSA.H) ("GRL").
The transaction is to be structured as an amalgamation of AOC's wholly-owned subsidiary Opulence Resources Inc. and GRL, which has approximately $32,000,000 in accumulated tax losses and the acquisition of these losses will allow AOC to defer a significant amount of income tax when it enters a taxable position. The purchase price for GRL will be approximately $465,000 including the assumption of debt and will be paid for via the issuance of common shares of AOC, on the basis of one common share of AOC for each ten common shares of GRL held.
The completion of the transaction is subject to a number of conditions including GRL shareholder approval, Canadian Securities Exchange ("CSE") approval, and TSX Venture Exchange ("TSXV") approval. The Corporation will provide further updates on the proposed transaction, via press release, as material information becomes available. It is anticipated that the transaction will close on or before December 31, 2020.
deri21
5 years ago
$ANTGF News.
Toronto, Ontario--(Newsfile Corp. - November 12, 2019) - Advantagewon Oil Corp. (CSE: AOC) (OTC Pink: ANTGF) (the "Corporation", "Advantagewon", "AOC") announced today that it has tied in its first Canadian well.
The first well is now on production and producing 85 Barrels of Oil Per Day ("BOPD"). The Corporation has a 50% non-working interest in this well, and as such is earning 42.5 BOPD. The Corporation will receive payment for its November oil sales in January. The Corporation is in the process of completing the paperwork to receive oil production in kind which will speed up the payment process by approximately 30 days.
The Corporation continues to work on its other farm in opportunities as previously announced, as well as other new opportunities. The disclosure in this press release was prepared in accordance with NI 51-101 Standards of Disclosure for Oil and Gas Activities" and the "Canadian Oil and Gas Evaluation Handbook" ("COGEH").
About Advantagewon Oil Corp.
Advantagewon is focused on building consistent cash flow from low cost, low risk oil wells. Advantagewon's common shares are listed on the OTC Markets in the United States and on the Canadian Securities Exchange ("CSE") in Canada. Advantagewon is a member of the CSE Composite Index (CSE: AOC). For more information please visit www.aoc-oil.com
For further information please contact:
Mr. Stephen Hughes
CEO & Director
Advantagewon Oil Corp.
T: (587) 580-9344
Mr. Frank Kordy
Secretary & Director
Advantagewon Oil Corp
T: (647) 466-4037
arbytrader
7 years ago
Advantagewon Announces a Non-Brokered Private Placement of Common Shares
Newsfile Corp.
Newsfile Corp
Toronto, Ontario--(Newsfile Corp. - January 25, 2018) - Advantagewon Oil Corp. (CSE: AOC) (OTCQB: ANTGF) (the "Corporation", "Advantagewon", "AOC") announced today that it plans to complete, a non- brokered private placement financing of up to One Million Dollars ("$1,000,000.00") CDN of common shares at a price of Fifteen Cents ("$0.15") CDN per common share. All common shares issued in connection with this placement will be subject to a four month plus one day hold period under applicable Canadian securities laws. The Financing will be conducted in reliance upon certain prospectus and private placement exemptions. The securities issuable under the private placement will be subject to a hold period expiring four months and one day after the closing date. Finder's fees may be payable on a portion of the private placement to eligible finders.
The Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.
About Advantagewon Oil Corp.
Advantagewon is focused on building consistent cash flow from low cost, low risk oil wells in the State of Texas. AOC applies specialized expertise to increase oil recovery from 10-15% to up to 75% for each well. Once the enhanced recovery strategy is successfully applied, AOC will repeat the process throughout the oil pool to maximize output and minimize cost and risk. Advantagewon's common shares are listed on the OTC Markets in the United States and on the Canadian Securities Exchange ("CSE") in Canada. Advantagewon is a member of the CSE Composite Index (CSE: AOC). For more information please visit www.aoc-oil.com.