|Day's Range||0.145 - 0.155|
|52 Week Range||0.060 - 0.200|
|PE Ratio (TTM)||-2.16|
|Earnings Date||May 18, 2017 - May 19, 2017|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||0.25|
Madalena announces successful completion of its strategic alternatives process
CALGARY, May 8, 2017 /PRNewswire/ - Madalena Energy Inc. ("Madalena" or the "Company") (TSXV: MVN and OTCQX: MDLNF) is pleased to announce the successful completion of the strategic alternatives process which it initiated in June of 2016. On May 8, 2017, Madalena entered into a series of agreements with Hispania Petroleum S.A., ("Hispania") a private, family-owned Spanish energy company which has operated in multiple countries, including Argentina, for three generations. The agreements provide for a package of debt and mezzanine financing which, once implemented, are expected to resolve Madalena's liquidity challenges (the "Working Capital Loan") and provides the Company access to growth capital for drilling and investment activities (the "Capex Loan").
(All dollar figures are expressed in United States Dollars) CALGARY, May 1, 2017 /PRNewswire/ - Madalena Energy Inc. (the " Company " or " Madalena ") (TSXV: MVN and OTCQX: MDLNF) announces ...