BSE definition
Examples of BSE in a sentence
The balance of this financing including the further contribution by the affiliate of BSE of $1,350,000 is scheduled to close on or before January 31, 2013.
During Phase 1 earning, upon the successful testing and recovery of petroleum in an exploration well on a particular license, BSE and SPE (the “Parties”) will cooperate to apply to the Canada-Newfoundland Offshore Petroleum Board for a Significant Discovery License (“SDL”) for that property, which when awarded will allow the parties to hold, develop and produce from the lands.
According to the terms of the Letter of Intent announced on December 18, 2012, an affiliated company of BSE has committed to subscribe for $2,100,000 of a private placement being completed by SPE.
BSE will be responsible for the first $1 million in associated expenditures, after which the Parties will share any additional expenditures according to their final working interests in the Farmout Lands once all earning operations are completed.
This financing includes $750,000 invested by an affiliate of BSE.