on Jericho Energy Ventures Inc. (isin : CA4763391063)
Jericho Energy Ventures Refocuses by Divesting Minority Stake
Jericho Energy Ventures Inc. has announced the sale of its minority stake in Supercritical Solutions. The transaction is valued at approximately US$1.8 million. The buyer has 60 days to complete the purchase.
CEO Brian Williamson highlighted the company's 2025 goal to streamline its portfolio and focus on core assets. The divestment aligns with their strategy to enhance shareholder value and concentrate on areas of potential development.
Additionally, Jericho granted 3.4 million stock options to key directors and officers. These options are priced at C$0.20 and are exercisable for up to 5 years.
The company has also entered into a digital marketing agreement with Senergy Communications Capital Inc. to enhance its market presence. This engagement, starting April 1, 2025, is valued at up to C$100,000.
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