Molopo Energy
The Takeovers Panel will not stop Aurora Funds Management's attempted takeover of Molopo Energy, having decided not to proceed with the junior's request it look into whether it's a genuine bid or contravene the letter or spirit of a previous order of the panel.
The panel said only a court can conclusively determine whether Aurora's bid as structured would breach Order 9 which the panel made on July 7 which stated that neither Keybridge Capital or Aurora could acquire any shares in Molopo inside a six-month period.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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