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Sundance Energy to Pursue Alternative Financing and Transaction Opportunities |
September 01, 2012
CALGARY, ALBERTA--(Marketwire - Aug. 31, 2012) - Sundance Energy Corporation ("Sundance" or the "Corporation") (TSX VENTURE:SNY) (OTCQX:SNYXF) announces that at this time it will not be proceeding with its previously announced $0.12 per Unit flow-through financing. Although Sundance had received expressions of interest exceeding the minimum closing amount of $500,000 set by management, its board of directors has decided to instead pursue alternative sources of financing to develop its properties at Alexander, Central Alberta, and Ochapowace and Muskowekwan in SE Saskatchewan. Potential opportunities available to Sundance and which are in discussions include third party joint ventures or farm-ins, and certain other forms of corporate transactions that Sundance's management and board of directors believes if finalized will offer more accretive value to its shareholders than would closing the proposed financing.
http://www.marketwire.com/mw/release.do?id=1696634&sourceType=3
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