Business
Update re: Trident Acquisition 90% acceptances
Update re: Trident Acquisition 90% acceptances.
About this update from Quantum Helium Limited
[{"type":"text","content":"\n \nRNS Number : 8343S Mosman Oil and Gas Limited 29 September 2014 \n \n\n29 September 2014\nMosman Oil and Gas Limited\n(\"Mosman\" or the \"Company\")\n \nTrident Energy Limited Bid \nCompulsory Acquisition of remaining Shares \n \n \nMosman Oil and Gas Limited (AIM: MSMN), the New Zealand and Australia focused oil exploration and development company, is pleased to announce that as of 26 September 2014, Mosman has received acceptances from Trident Energy Limited (\"Trident\") shareholders that comprise 90.05% of the entire issued capital of Trident.\n \nFollowing this significant milestone, being the 90% acceptance level required in order for Mosman to proceed with the compulsory acquisition of the remainder of the Trident shares (pursuant to the compulsory acquisition provisions of the Corporations Act 2001 (Cth)), Mosman has today notified Trident that it will proceed with the compulsory acquisition procedure. Following completion of this procedure, Mosman will own 100% of the issued share capital of Trident and Trident will be a wholly owned subsidiary of Mosman.\n \nJohn W Barr, Executive Chairman of Mosman commented: \"We have completed yet another step in achieving Mosman's objectives, and welcome the Trident Shareholders to Mosman.\"\n \n \nEnquiries:\n \n\n\n\n\nMosman Oil & Gas Limited\nJohn W Barr, Executive Chairman\nAndy Carroll, Technical Director\[email protected]\[email protected]\n \n\n\nSI Capital Limited\nNick Emerson/Andy Thacker\n+44 (0) 1483 413500\n\n\n\n\nGable Communications \nJohn Bick\n+44 (0) 20 7193 7463\[email protected]\n \n\n\nZAI Corporate Finance Limited\nTom Price/John Simpson\n+44 (0) 20 7060 2220\n\n\n\n\n \nUpdates on the Company's activities are regularly posted on its website www.mosmanoilandgas.com\n \nAbout Mosman\n \nMosman (AIM: MSMN) is an Australia and New Zealand focused oil exploration and development company with a strategy to build a sustainable mid-tier oil and gas business by acquisition and organic growth.\n \nCurrently, Mosman has a total of four permits in New Zealand and Australia. This number will increase to seven on completion of the Trident Offer.\n \nPetroleum Creek Project, New Zealand\nThe Petroleum Creek Project is a 143.6...