Oil & Gas Acquisitions in Canada

Contango ORE, Inc. announced that shareholders and optionholders of HighGold Mining Inc. approved a previously announced arrangement under which Contango will acquire HighGold. The transaction is expected to close around July 9, 2024, subject to customary conditions and final court approval from the Supreme Court of British Columbia.

Lee Specialties, Inc. and Nexus Energy Technologies, Inc. announced they have merged to form NXL Technologies, Inc., a global manufacturer of wireline and coiled tubing pressure control equipment. The combined company will provide sales, rental, service and repair of proprietary well-intervention and pressure-control equipment to the energy sector. Voyager Interests, a private equity firm that invested in Lee in 2021, will continue as an investor in the combined platform.