After a $55 million deal that would have turned Manitok Energy into Canada’s newest mid-cap producer was terminated late last year, the company has once again seen aproposed reverse merger scuttled as it approaches insolvency. This time, a potential private investor has backed away from a deal that would have injected $21.7 million into the company in return for controlling interest.Manitok received a letter from a major creditor demanding repayment in full of its......
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