GLL galilee energy limited
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News: GLL Galilee Energy Says Co And Vintage Agree Merger Terms

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    15/08/24
    11:40
    Post #: 75218412

    Aug 15 (Reuters) - Galilee Energy Ltd (GLL) :

    • GALILEE AND VINTAGE AGREE MERGER TERMS TO CREATE STRONGER PLAYER IN EAST COAST GAS
    • PROPOSED MERGER TO BE EFFECTED BY VINTAGE ACQUISITION OF 100% OF GALILEE VIA AN ALL-SCRIP DEAL
    • 100% SCRIP SCHEME CONSIDERATION IMPLIES A SHARE PRICE OF A$0.02 FOR GALILEE
    • COMBINED GROUP TO HAVE EXISTING APPRAISAL GAS PRODUCTION, AMONG OTHERS
    • GALILEE BOARD UNANIMOUSLY RECOMMENDS PROPOSAL IN ABSENCE OF A SUPERIOR PROPOSAL
    • UPON IMPLEMENTATION , VINTAGE AND GALILEE SHAREHOLDERS WILL HOLD 60.2% AND 39.8% OF MERGED GROUP

    (([email protected];))

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