Ann: Discussions with Strike Energy, page-249

hi RR
have any of you guys actually read the announcement about who botched it up?

"Talon Energy Limited by way of Scheme of Arrangement at an agreed exchange ratio of 0.4828 new Strike shares per
Talon share plus the retention of the Mongolian assets by the Talon shareholders via a demerger
or sale. At the request of Talon, the proposal was to also include an interim funding facility of up
to $6 million to be available to fund Talon’s capital requirements through the scheme process.
The parties agreed to enter into a period of confidential negotiations for the proposed
transaction and to allow Strike to complete limited financial, legal and technical due diligence.
Following the findings of Strike’s financial and technical due diligence and resultant negotiation
of the finance facility, the parties were unable to reach mutually agreeable terms to proceed"

hi Skypunter
the only info i have is the complaining of large TPD holders about managements behaviour & spending of cash before it's in the bank