An Unknown buyer entered into a letter agreement to acquire 35% stake in KUB-Gas Holdings Limited from Cub Energy Inc. (TSXV:KUB) for approximately $10.6 million on September 3, 2021. The consideration comprises a cash payment of $2.6 million and the settlement of approximately $8.0 million in debt that the Company owes KUBGAS, subject to adjustments on the completion date. The transaction is subject to the parties entering into a definitive agreement and the Company obtaining TSX Venture Exchange approval.

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.