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BRIEF-Malone Mitchell says on April 21, preferred group submitted revised non-binding preliminary LOI, term sheet to Transatlantic Petroleum's board

Published 2020-04-22, 06:36 p/m
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April 22 (Reuters) - TransAtlantic Petroleum Ltd TNP.TO :

* N. MALONE MITCHELL 3RD - INTEND TO PURSUE THE ACQUISITION OF 100% OF TRANSATLANTIC PETROLEUM LTD'S EQUITY - SEC FILING

* N. MALONE MITCHELL 3RD - EXPECT TO COMMENCE NON-BINDING NEGOTIATIONS WITH TRANSATLANTIC PETROLEUM LTD TO CONSUMMATE SUCH ACQUISITION

* N. MALONE MITCHELL 3RD - MAY TERMINATE ANY SUCH DISCUSSIONS WITH TRANSATLANTIC PETROLEUM LTD AT ANY TIME IN THEIR SOLE DISCRETION

* N. MALONE MITCHELL 3RD- ON APRIL 14, PREFERRED GROUP SUBMITTED INITIAL NON-BINDING PRELIMINARY LOI, TERM SHEET TO BOARD OF TRANSATLANTIC PETROLEUM LTD

* N. MALONE MITCHELL 3RD- IN INITIAL PROPOSAL, PREFERRED GROUP PROPOSED TO ACQUIRE ALL OF OUTSTANDING SHARES OF COMMON STOCK OF TRANSATLANTIC PETROLEUM

* N. MALONE MITCHELL 3RD- ON APRIL 18, TRANSATLANTIC PETROLEUM'S BOARD REJECTED PREFERRED GROUP'S INITIAL PROPOSAL BASED ON THEIR VIEW OF PURCHASE PRICE

* N. MALONE MITCHELL 3RD- ON APRIL 21, PREFERRED GROUP SUBMITTED REVISED NON-BINDING PRELIMINARY LOI, TERM SHEET TO TRANSATLANTIC PETROLEUM'S BOARD

* N. MALONE MITCHELL 3RD- PROPOSAL ALSO PROVIDED PREFERRED GROUP WOULD NEGOTIATE, EXECUTE DEFINITIVE AGREEMENTS WITH RESPECT TO CONTEMPLATED TRANSACTION

* N. MALONE MITCHELL 3RD-IF SUCH ACQUISITION TRANSACTION IS CARRIED OUT,CONSUMMATED, INTEND TO DELIST TRANSATLANTIC'S SECURITIES FROM ALL STOCK EXCHANGES

* MALONE MITCHELL-MITCHELL, DALEA, LONGFELLOW,ALEXANDRIA TRUST,NOAH TRUST, ELIZABETH TRUST,STEVENSON BRIGGS MITCHELL COLLECTIVELY CALLED PREFERRED GROUP

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