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New Star Energy 2

Scott Oldale is Vice President Exploration for New Star Energy based in Calgary, Canada. When New Star started, they dentified an acquisition opportunity and they required funding to close that deal. The issue that they faced was how to fund that acquisition and where to access funding to close that deal. Through the process of the merger and acquisition business, one is required to make an offer. They were the highest bidder but they did not have any financial backing. So in order to close the acquisition, they needed to raise $130 million within a period of a month.

Interviewee

Scott Oldale

Company

Industry

Business Activity

New Star Energy Ltd. 

Oil and Gas

Mining and Quarrying

Headquarters

Calgary, Canada

Size

Small

Employees

25 to 500

$1 million to $25 million

Yearly Revenue

Private Company

Type of Entity

Subject

Strategy

Level of Difficulty

Easy

Enhance capital raising knowledge

Teaching Objectives

Keywords

Captial Acqusition

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