An unknown buyer cancelled the acquisition Far Vista Petroleum Corp. (OTCPK:FVST.A).
As of November 5, 2013, the unknown buyer made an offer for $35 million which was offered for the purchase of the Class B shares alongwith $0.45 for all the outstanding shares of the company. As of November 8, 2013, an unknown financial institution revised the offer to $0.5 per share for all the outstanding shares of Far Vista Petroleum Corp. The Board of Far Vista has rejected this offer as being too low and has issued a counter offer of $0.58 per share which will remain open till November 12, 2013 for acceptance.
An unknown buyer cancelled the acquisition Far Vista Petroleum Corp. (OTCPK:FVST.A) on November 11, 2013. Buyer cancelled the offer as trading of shares of Vista Petroleum got suspended on November 9, 2013. Commercial Bank "INTERCREDIT' represented buyer.