Calgary junior Canadian Superior - renamed Sonde Resources earlier this year after emerging from court protection from creditors - is selling its 25 per cent stake in an exploration block off the east coast of Tinidad and Tobago.
The company announced Wednesday it had struck a deal with Calgary-based international intermediate Niko Resources to sell its 25 per cent interest in Block 5C for $75.5 million US, plus the assumption of Sonde's $12-million US obligation to fund exploration of Block MG.
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Source: Calgary Herald
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