2009-08-12-2007-07-01-2007-07-01
Transaction Type
Sellers
Announce Date
Post Date
Close Date
Estimated Price
6MM
Description
Acquired 13% minority interest in its privately held subsidiary co. Now owns 99.8% of company units.
Western Lakota Energy Services Inc., a subsidiary of Savanna Energy Services Corp., Calgary, (Toronto: SVY) has acquired some 13% minority interest in its privately held subsidiary Akuna Drilling Trust for C$5.7 million in stock. Akuna unit-holders were offered C$3 in cash or 0.142 Savanna share per Akuna unit. Western Lakota now owns approximately 99.8% of Akuna units and intends to acquire the balance in late June.