Nov 23 - Berens Energy Ltd (BEN.TO), a Canadian junior oil and gas company, said its board began a process to explore strategic alternatives, but added that it will not disclose the developments until a definitive transaction was approved.
There are no guarantees that the review will result in a transaction or, if undertaken, its terms or timing, the company said in a statement.
The company said it has engaged Peters & Co. Ltd to provide financial advisory and investment banking services.
Shares of the company were up 6 Canadian cents, or about 5 percent, at C$1.39 in early morning trade Monday on the Toronto Stock Exchange.
There are no guarantees that the review will result in a transaction or, if undertaken, its terms or timing, the company said in a statement.
The company said it has engaged Peters & Co. Ltd to provide financial advisory and investment banking services.
Shares of the company were up 6 Canadian cents, or about 5 percent, at C$1.39 in early morning trade Monday on the Toronto Stock Exchange.
