Gear Energy Offering Circular
To receive a PDF copy of either the Offering Circulars or the Confidentiality Agreement please email email@example.com
Execution of a Confidentiality Agreement will allow potential purchasers to gain access to the Data Book and the Virtual Data Room.
Each interested party is asked to submit a Non-Binding Bid by noon on Thursday, November 16th, 2017. From the Non-Binding Bids received Gear will identify the parties with whom to work toward concluding a transaction.
General Timing of Offering
It is Gear’s intention that a binding purchase and sale agreement with 10% deposit be executed as soon as possible with the successful purchaser(s). Closing(s) would likely occur in late-December 2017, unless there are AER transfer application requirements.
Potential purchasers that have executed the Confidentiality Agreement will be provided with confidential information and confidential updates, accessible with a username and password to the Virtual Data Room.
The offer should contain the offer price for any of the properties as an asset transaction, the proposed effective date of the asset transaction, any financing conditions and transaction timing as applicable, any approval requirements, as well as expected timing to remove proposed offer conditions, execute a binding Purchase and Sale Agreement with deposit, and the expected closing date.
Gear and CB Securities make no representation or warranty as to the accuracy or completeness of the information provided in connection with this Offering. Each potential purchaser should rely on their own investigation and due diligence to satisfy itself as to all matters relating to this Offering. Only those representations or warranties expressly agreed to in an executed Acquisition Agreement between Gear and the successful purchaser shall be binding on Gear.
Gear reserves the right to modify the timing, procedures, and terms and conditions of this Offering, or to terminate this Offering at any time. Gear also reserves the right to accept or reject any or all offers at its sole discretion for any reason whatsoever.