Longbow Resources Engages CB Securities
Longbow Resources Inc. has retained CB Securities Inc. to assist Longbow in identifying and evaluating all available strategic alternatives available to the Company to maximize shareholder value. The Company believes that the current trading price of its shares does not reflect the underlying value of the Company's assets.
This review of strategic alternatives will include the consideration of a number of transactions, including a sale, merger or recapitalization of the Company. No decision on any particular alternative has been reached at this time and there can be no assurance that any transaction will be entered into or completed as a result of the engagement of CB Securities.
CB Securities (formerly Collins Barrow Securities Inc.) has extensive experience in divestitures, mergers and acquisitions in the oil and gas industry acting to optimize corporate value.