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Criterium Energy Provides Update on Mont D'Or Acquisition
Calgary, Alberta--(Newsfile Corp. - August 10, 2023) - Criterium Energy Ltd.  (TSXV: CEQ)&...
About this update from Criterium Energy Ltd
[{"type":"text","content":"Criterium Energy Provides Update on Mont D'Or AcquisitionCalgary, Alberta--(Newsfile Corp. - August 10, 2023) - Criterium Energy Ltd. (TSXV: CEQ) (\"Criterium\" or the \"Company\"), an independent upstream energy development and production company focused in Southeast Asia, is pleased to provide the following update on its previously announced marketed public offering and executed sale and purchase agreement to acquire all the issued and outstanding shares of Mont D'Or Petroleum Limited (\"MOPL\") (the \"Acquisition\").The Company has been working with the TSX Venture Exchange to receive approval for the transaction as it is categorized as a Fundamental Transaction. In addition, the Company is working with the Alberta Securities Commission to finalize its short form prospectus document. The approval process for the Acquisition has taken longer than expected due to the delays with certifications related to corporate entities within the MOPL corporate structure. The Company anticipates that all necessary approvals will be received in due course and is extending the expected closing date of the Transaction to on or before the week of September 25, 2023. About Criterium Energy Ltd.Criterium Energy Ltd. is an upstream energy company focused on the acquisition and sustainable development of assets in Southeast Asia that can deliver scalable growth and cash generation. The Company focuses on maximizing total shareholder return by executing on three strategic pillars, namely (1) successful and sustainable reputation, (2) innovation and technology arbitrage, and (3) operational and safety excellence.For further information please visit our website (www.criteriumenergy.com), call 403-668-1630 or contact:Robin AuldChief Executive OfficerCriterium Energy Ltd.Email: [email protected] KlukasChief Operating OfficerCriterium Energy Ltd.Email: [email protected] the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.Cautionary Note Regarding Forward-Looking StatementsThis press release contains certain forward-looking information and statements that are based on expectations, estimates, projections and interpretations as at the date of this news release. The use of any of the words \"expect\", \"a...