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Cuda Oil and Gas Inc.: Cuda Announces Termination of Agreement to Sell Alberta Assets

Cuda Oil and Gas Inc.: Cuda Announces Termination of Agreement to Sell Alberta Assets
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Bridging Finance Inc. Acquires Control of Common Shares of Cuda Oil and Gas Inc.


Bridging Finance Inc. Acquires Control of Common Shares of Cuda Oil and Gas Inc.
BFI ) reported today that it has acquired control or direction over 9,100,000 common shares (the
Shares ) of Cuda Oil and Gas Inc. (the
Issuer ). The Shares were issued to certain funds controlled by BFI in consideration of an amendment to certain financing arrangements between the Issuer and BFI, pursuant to the terms and conditions of a Fifth Amending Agreement made as of January 20, 2021 among Cuda Energy Inc., as borrower, the Issuer, Cuda Energy LLC and Junex Inc., as guarantors, and BFI, as agent (the
Amending Agreement ). The Shares represent, in aggregate, approximately 19.98% of the issued and outstanding common shares of the Issuer (based on 45,536,220 common shares of the Issuer being issued and outstanding following the issuance of the Shares). ....

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