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Inception Exploration Ltd.

Company Summary

Description

A Montney focused arm's length private company with operations in the Gold Creek area of north west Alberta

Recent news

  • 3/9/2021 - Spartan Delta Corp.... (subscriber access)
  • 2/17/2021 - Spartan Delta Corp.... (subscriber access)

Company Transactions

Date: 2/17/2021
Type: Acquisition

BUYERS:
  • Spartan Delta Corp.
    • SELLERS:
  • Inception Exploration Ltd.
    • DETAILS:

    COST: 119 $MM

    NOTES:
    The acquisition of Inception includes the issuance of 23.7 million Spartan common shares to Inceptions shareholders, along with the issuance of a $50.0 million unsecured non-interest-bearing convertible promissory note to Inceptions existing debtholders.
    REGIONS:
  • Western Canadian Sedimentary Basin
  • Montney Formation