Terra Energy & Resource Announces Termination of the LOI with Purestone

Source: www.gulfoilandgas.com 9/14/2021, Location: North America

Terra Energy and Resource Technologies Inc. announced that it had entered into a binding letter of Intent for a prospective merger with Purestone US Inc. On July 9, 2021, the Letter of Intent was amended by agreement of both parties to be non-binding.

Effective September 11, 2021, Terra and Purestone mutually terminated the Letter of Intent. Terra’s decision to terminate resulted from inability of Purestone to satisfy the closing conditions set forth in the amended Letter of Intent.

Terra will continue to look for other merger or acquisition opportunities.


Australia >>  8/16/2022 - Metgasco is pleased to announce the execution of a binding term sheet for a phased investment to acquire Patriot Hydrogen, a developer of modular wa...
United States >>  8/16/2022 - Energy Transfer LP (NYSE: ET) announced today the completion of the sale of its 51 percent interest in Energy Transfer Canada ULC (Energy Transfer Can...

Canada >>  8/15/2022 - Pembina Pipeline Corporation ("Pembina" or the "Company") is pleased to announce that it has completed its previously announced joint venture transact...
United States >>  8/15/2022 - VAALCO Energy, Inc., a Delaware corporation ("VAALCO"), announced that its Board of Directors has set the record date for a special meeting of its sto...

United States >>  8/15/2022 - Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client PGH Petro...
United States >>  8/15/2022 - New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) and Apollo (NYSE: APO) today reported they have completed the previously announced Joint Venture (the “...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.