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BRIEF-Sea Dragon Energy and Madison Petrogas announce strategic business combination and creation of SDX Energy Inc

Published 2015-08-19, 03:12 a/m
© Reuters.  BRIEF-Sea Dragon Energy and Madison Petrogas announce strategic business combination and creation of SDX Energy Inc
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Aug 19 (Reuters) - Sea Dragon Energy Inc SDX.V :
* Sea Dragon Energy Inc. and Madison petrogas ltd. announce strategic business
combination and creation of sdx energy inc
* To acquire all Madison shares on the basis of an exchange ratio of 16.7 Sea
Dragon common shares for each Madison share
* Says closing of the transaction is expected to occur in early October
* The existing Madison shareholders will hold approximately 71% of the combined
entity, to be renamed "sdx energy inc"
* Source text for Eikon ID:nCNWsqcTja

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