Ann: In-Specie Distribution of Byron Energy Shares - Update, page-2

...and another good move....well done...
Given Metgasco’s confidence in the prospects for Byron and its securities, the Board has resolved that it is in the best interests of the Company’s shareholders that it retain its shares, and option to exercise its Entitlement rights, through to 11 December. Accordingly, its professional advisers have been instructed to pause work on relevant reports and tax ruling applications until the final quantum of BYE shares held by Metgasco is confirmed, on or before that date.Metgasco remains wholly committed to effecting an in-specie distribution of Byron shares to its shareholders. In accordance with the above timing, the Board advises shareholders that the necessary Extraordinary General Meeting to approve such distribution is now likely to be held in mid-late January.