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Falcon Oil & Gas Ltd. - Falcon Announces Shareholder Approval of Transaction with Tamboran
Falcon Oil & Gas Ltd. (“Falcon” or the “Company”) Falcon A...
About this update from Falcon Oil & Gas Ltd.
[{"type":"text","content":"Falcon Oil & Gas Ltd. - Falcon Announces Shareholder Approval of Transaction with Tamboran\nFalcon Oil & Gas Ltd. (“Falcon” or the “Company”) Falcon Announces Shareholder Approval of Transaction with Tamboran 12 March 2026 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that the holders (“Shareholders”) of common shares of the Company (“Shares”) voted to approve Falcon’s previously announced transaction (the “Transaction”) with Tamboran Resources Corporation (“Tamboran”). The Transaction was approved by approximately 99.76% of votes cast by Shareholders at a special meeting (the “Meeting”) held on 11 March 2026 to consider the Transaction. The Transaction required the approval of: (i) at least two thirds (66.67%) of the votes cast by Shareholders present in person or by proxy and entitled to vote at the Meeting; and (ii) a simple majority of the votes cast by Shareholders present in person or by proxy and entitled to vote at the Meeting, excluding votes cast in respect of Shares beneficially owned or over which control or direction is exercised by any persons whose votes must be excluded in accordance with Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). The matter voted upon at the Meeting and the detailed results were as follows: Special Resolution: the full text of which is set forth in Appendix “A” to the management information circular of the Company dated 4 February 2026 (the “Circular”), approving, among other things, a plan of arrangement involving the Company, Tamboran Resources Corporation, Tamboran (Beetaloo) Pty Ltd and Tamboran Resources Investments Holding Corporation Outcome of VoteForAgainstBy ShareholdersApproved456,192,006(99.76%)1,110,498(0.24%)By Shareholders (excluding votes attached to the Shares required to be excluded for the purposes of “minority approval” under MI 61-101).Approved452,478,310(99.75%)1,110,498(0.25%) There were 457,302,504 Shares present or represented by proxy at the Meeting or approximately 41% of the 1,109,141,512 Shares issued and outstanding on 26 January 2026, being the record date for the Meeting. The completion of the Transaction rem...