💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadExplore for free

BRIEF-Camex Energy and Desert Lion Energy enter amalgamation agreement to complete reverse take-over

Published 2017-10-16, 10:53 a/m
© Reuters.  BRIEF-Camex Energy and Desert Lion Energy enter amalgamation agreement to complete reverse take-over

Oct 16 (Reuters) - Camex Energy Corp CXEh.V

* Camex Energy and Desert Lion Energy enter into amalgamation agreement to complete reverse take-over

* Camex Energy Corp - as per amalgamation agreement Camex will acquire all of issued & outstanding shares of Desert Lion in exchange for securities of Camex

* Camex Energy Corp - transaction will be carried out by way of a three-cornered amalgamation

* Camex Energy Corp - Desert Lion team established 3-phase development program to include concentrate sales from historic production at project, to start late 2017

* Camex Energy Corp - Desert Lion team established 3-phase development program to include development of a mine and concentrator

* Camex Energy Corp - Desert Lion team established 3-phase development program to include conversion plant, which is anticipated to be located in walvis bay

* Camex Energy Corp -co's unit, Desert Lion will form newly amalgamated co, upon which former Desert Lion shareholders will get 1 new Camex share for each 1 Desert Lion share held

* Camex Energy Corp - upon completion of amalgamation co intends to change its name to "Desert Lion Energy Inc"

* Camex Energy Corp - Camex proposes to consolidate shares on basis of one post-consolidation Camex common share for each 12.0258 existing Camex common shares

* Camex Energy Corp - transaction has been unanimously approved by boards of directors of Desert Lion and Camex

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.