TPD talon energy ltd
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Aug 1 (Reuters) - Strike Energy Ltd (STX) : HAS RECENTLY BEEN...

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    01/08/23
    11:55
    Post #: 69097959

    Aug 1 (Reuters) - Strike Energy Ltd (STX) :

    • HAS RECENTLY BEEN ENGAGED WITH TALON ENERGY LIMITED ON A PROPOSAL FOR STRIKE TO ACQUIRE ALL OF SHARES IN TALON ENERGY LIMITED
    • PROPOSAL BY WAY OF SCHEME OF ARRANGEMENT AT AN AGREED EXCHANGE RATIO OF 0.4828 NEW STRIKE SHARES PER TALON SHARE
    • AT REQUEST OF TALON, PROPOSAL WAS TO ALSO INCLUDE AN INTERIM FUNDING FACILITY OF UP TO A$6 MILLION
    • PARTIES WERE UNABLE TO REACH MUTUALLY AGREEABLE TERMS TO PROCEED
    • BOARD OF DIRECTORS HAVE CEASED ENGAGEMENT AND WILL CONTINUE TO OPERATE WALYERING L23/EP447 JOINT VENTURE IN NORMAL COURSE OF BUSINESS
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