80 Mile PLC 80M
LSE · United Kingdom · Non-Energy Minerals
GBp 1.22-0.02 (-1.61%)
Market closed· · GBp · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
Market closed· · GBp · Data may be delayed
Prices may be delayed and are for informational purposes only - not investment advice.
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Greenland Energy Company (the "Company") (NASDAQ: GLND) today announced that it has entered into a Deed of Variation and Novation (the "Deed") with 80 Mile plc (AIM: 80M) ("80 Mile") and March GL Company, a wholly owned subsidiary of the Company ("March GL"), relating to the parties' existing Farm Out Agreement concerning the Jameson Land Basin in East Greenland.
80 Mile PLC (AIM:80M, OTCQB:BLLYF) shares climbed after Greenland Energy agreed indicative terms for a £61.48 million all-share acquisition. 80 Mile shares rose 7% to 0.80p, remaining below the approximately 1.1p implied in the proposed acquisition. Under the proposal, each 80 Mile share...
80 Mile PLC (AIM:80M, OTCQB:BLLYF) announced it has agreed indicative terms for a £61.5 million all-share takeover by Nasdaq-listed Greenland Energy Company, with the proposed 1.1p-per-share valuation representing a 46.7% premium to 80 Mile’s closing price immediately before the offer period...
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