We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : KUB.V - Cub Energy Inc.

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: JRod775/21/2019 6:12:43 PM
   of 62
I was referred to some interesting notes regarding KUB and I missed this because it was in the financials as a note and not the MD&A. Keep in mind that Cub Energy Inc holds 35% of KUB Holdings and increasing that to 40%(5% increase) would be a significant revenue boost given current production AND all the wells being worked on now.

Per Note 1, the Company has the ability to further increase its ownership interest in KUB Holdings from 35%
to 40% on meeting certain benchmarks and optional payments. The Company can earn an additional 2.5%
ownership interest when the majority owner of KUB Holdings has received a cumulative $25,000 in dividends
from KUB Holdings of which they have received $16,873 as at March 31, 2019. The Company also has an
option to purchase, within one year of the above-mentioned 2.5% transfer from the majority owner, a further
2.5% ownership interest in KUB Holdings at a price equal to 2.5% of the net present value of 2P reserves of
KUB-Gas at a 10% discount at the time of exercise.

Another note to follow given the excess of cash in the bank for KUB.V:

During the year ended December 31, 2018 and the three months ended March 31, 2019, the Company
purchased Guaranteed Investment Certificates with a Canadian financial institution with annual interest rates
between 2.26% and 2.5% that are redeemable at any time
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext