An unknown buyer completed the acquisition of 35% stake in KUB-Gas Holdings Limited from Cub Energy Inc. for approximately $10.9 million.
An unknown buyer completed the acquisition of 35% stake in KUB-Gas Holdings Limited from Cub Energy Inc. (TSXV:KUB) for approximately $10.9 million on February 2, 2022. The sale was for a deemed consideration of approximately $10.9 million. The consideration was comprised of a cash payment of $2.6 million and the settlement of $8.3 million in debt. The $8.3 million in debt was settled in full through the repayment of debt.