CALLAN JMB INC. (CJMB) Form 8-K — Oct 19, 2026
Callan JMB Inc. terminated its Asset Purchase and Sale Agreement with The Pfanenstiel Company, LLC on October 16, 2026, under which its subsidiary Callan Power LLC was to acquire 50% of oil and gas leases and mineral interests in North Dakota and Montana. The company said diligence conducted was not sufficient to support proceeding with the transaction at this time, and Buyer exercised its right to terminate with immediate effect. A positive side effect is that Callan JMB no longer needs to raise additional capital to consummate the acquisition; the parties may still evaluate a future transaction on different terms, though no assurance was given.
Key figures
- Acquired interest percent
- 50
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