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  6. Corex Resources Acquires Magellan Resources

M&A Deal Summary

Corex Resources Acquires Magellan Resources

On November 1, 2012, Corex Resources acquired oil/gas exploration company Magellan Resources for 55M USD

Acquisition Highlights
  • This is Corex Resources’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Corex Resources’ largest (disclosed) transaction.
  • This is Corex Resources’ 1st transaction in Canada.
  • This is Corex Resources’ 1st transaction in Alberta.

M&A Deal Summary
Date 2012-11-01
Target Magellan Resources
Sector Oil/Gas Exploration
Buyer(s) Corex Resources
Deal Type Add-on Acquisition
Deal Value 55M USD
Advisor(s) FirstEnergy Capital Corp. (Financial)

Target

Magellan Resources

Calgary, Alberta, Canada
Magellan Resources Ltd. is a private Canadian company active in the exploration, development, and production of oil and gas assets located in Western Canada.

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Buyer(S) 1

Buyer

Corex Resources

Calgary, Alberta, Canada
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Corex Resources is a junior oil and natural gas company focused on building shareholder value through development drilling opportunities and pursuit of quality, complementary farm-in opportunities, accretive acquisitions, and internally generated exploration opportunities. Corex Resources is based in Calgary, Alberta.

DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2012 M&A 1 of 1
Size (of disclosed) 1 of 1
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