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BRIEF-First Mountain Exploration, Point Loma Energy & Madalena Energy jointly announce proposed transactions on Canadian assets and a private placement by Point Loma

Published 2016-02-09, 09:26 a/m
© Reuters.  BRIEF-First Mountain Exploration, Point Loma Energy & Madalena Energy jointly announce proposed transactions on Canadian assets and a private placement by Point Loma
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Feb 9 (Reuters) - First Mountain Exploration Inc FMX.V :
* Point Loma Energy & Madalena Energy jointly announce proposed transactions on
Canadian assets and a private placement by Point Loma
* Point Loma to acquire Madalena's non-core Canadian petroleum and natural gas
assets for $5.5 million
* To buy all Point Loma common shares in capital of point loma in exchange for
the issuance of First Mountain common shares

* Source text for Eikon Further company coverage FMX.V

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