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JESMOND CAPITAL ANNOUNCES AGREEMENT TO COMPLETE A QUALIFYING TRANSACTION WITH QUATTRO ENERGY LIMITED TO BECOME NORTH SEA FOCUSED OIL AND GAS EXPLORATION AND DEVELOPMENT COMPANY
JESMOND CAPITAL ANNOUNCES AGREEMENT TO COMPLETE A QUALIFYING TRANSACTION WITH QUATTRO ENERGY LIMI...
About this update from Jesmond Capital Ltd.
[{"type":"text","content":"\n \n \n \n JESMOND CAPITAL ANNOUNCES AGREEMENT TO COMPLETE A QUALIFYING TRANSACTION WITH QUATTRO ENERGY LIMITED TO BECOME NORTH SEA FOCUSED OIL AND GAS EXPLORATION AND DEVELOPMENT COMPANY\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES OF AMERICA\n \n /\n \n \n \n \n \n \n CALGARY\n \n , AB\n \n ,\n \n \n Jan. 17, 2023\n \n \n /CNW/ -\n \n Jesmond Capital Ltd.\n \n (TSXV: JES.P) (\"\n \n Jesmond\n \n \") is pleased to announce that it has entered into a binding definitive agreement (the \"\n \n Agreement\n \n \") with Quattro Energy Limited (\"\n \n Quattro\n \n \") and Quattro's shareholders (the \"\n \n Quattro Shareholders\n \n \", and together with Jesmond and Quattro, the \"\n \n Parties\n \n \") dated effective\n \n January 16, 2023\n \n , pursuant to which the Parties will complete a transaction that will result in Jesmond acquiring Quattro (the \"\n \n Transaction\n \n \"), with the combined entity (the \"\n \n Resulting Issuer\n \n \") continuing the business of Quattro.\n \n \n Jesmond is a \"capital pool company\" as defined in the policies of the TSX Venture Exchange (the \"\n \n Exchange\n \n \") and intends the Transaction to constitute its Qualifying Transaction (as such term is defined in the policies of the Exchange).\n \n \n \n About Quattro and its Assets\n \n \n \n Quattro (\n \n www.quattroenergy.co.uk\n \n ) is a privately held company that was incorporated in\n \n England\n \n and\n \n Wales\n \n on\n \n April 20, 2021\n \n by founders\n \n Neill Carson\n \n and\n \n Jens Pace\n \n , both of whom have a proven track record of building oil and gas companies and extensive capital market experience.  The objective of Quattro has been to build a portfolio of international oil and gas producing assets.  To that end, Quattro has entered into an Assets Purchase Agreement with United Oil & Gas plc (\"\n \n United\n \n \") dated\n \n January 16, 2023\n \n , to acquire from United (the \"\n \n License Acquisition\n ...