Razor Energy (TSE:RZE.H) has released an update.
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Razor Energy Corp. has announced a sale transaction with Texcal Energy Canada Inc., where Texcal will acquire all outstanding common shares, as part of a restructuring process under the Companies’ Creditors Arrangement Act. This transaction is subject to court approval and is a move to stabilize Razor Energy’s financial standing.
For further insights into TSE:RZE.H stock, check out TipRanks’ Stock Analysis page.