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January 12, 2009
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Halter Controlled Canadian Capital Pool Company Completes $15 Million APO®
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DALLAS – January 12, 2009 – Halter Financial Group is pleased to announce that on December 24, 2008, HFG Holdings Inc. (the “Company”), a Capital Pool Company organized under the laws of Alberta, Canada and controlled by a Halter Financial Group affiliate, completed an APO® transaction (the 'Transaction'). The Transaction resulted in the Company closing the acquisition of 59 net sections of Montney petroleum and natural gas rights located in Northeastern British Columbia and Northwestern Alberta and a tie-in commitment at Red Creek in addition to certain Montney wells and seismic access and interpretations pursuant to an acquisition agreement with Sabretooth Energy Ltd., an Alberta company, for aggregate consideration of CAD$31.3 million paid through the issuance of common shares of HFG. The Transaction constituted the Company’s Qualifying Transaction pursuant to the applicable policies of the TSX Venture Exchange.
Contemporaneously with closing of the Transaction, the Company completed a private placement of common shares for gross proceeds of approximately CAD$15.2 million (the 'Private Placement'). Dundee Securities Corporation, as lead agent, together with Tristone Capital Inc. and Research Capital Corporation acted as the agents for the Private Placement.
Founded in 1995, Halter Financial Group is a leading U.S. based consulting firm specializing in taking companies public through the Reverse Merger and APO® process. Since 1987, principals of HFG have been involved in excess of 100 Reverse Merger and APO® transactions. HFG maintains a large inventory of principally owned public shells that are available to our clients as part of our Reverse Merger and APO® services. In addition, HFG advises our clients on strategic planning, investor relations, and investment banking matters.
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Strong Track Record
Thu, 09 Sep 2010 10:44:43 GMT
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*Note: Representative Transactions (partial list)
Deal Direct
We maintain a large inventory of public shells that we control as principals. As we do not act as intermediaries our transactions are conducted on a principal to principal basis.
Most Knowledgeable
For the past fourteen years, we have conducted and participated in seminars on the reverse merger process. We have instructed hundreds of attorneys, CPAs and professionals about the process.
Capital Raising
We have the ability to invest our own capital in our clients’ transactions. We invest side by side with our institutional partners, and have a relationship with and are a principal in an independent investment fund that invests in reverse merger transactions.
Turnkey Solution
We have the people and experience to handle every aspect of the reverse merger process so you can stay focused on your business.
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