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Close of Takeover Offer

Source: www.gulfoilandgas.com 2/5/2020, Location: Not categorized

Melbana Energy Limited advises that the offers made under the off market takeover bid made by Melbana Energy for all of the ordinary shares in Metgasco Limited (Metgasco) closed at 7.00pm (Sydney time) on Friday, 31 January 2020.

Melbana Energy received acceptances under the offers in respect of 27.81% of the ordinary shares in Metgasco.

Melbana Energy expects that the Melbana Energy shares to be issued to those Metgasco shareholders who accepted the Offer will be issued in accordance with the terms of the Offer on or before 14 February 2020. This notice has been approved by a resolution of the independent directors of Melbana Energy.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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