Tamboran Resources Says British Columbia Court Approves Falcon Oil & Gas Acquisition
MT Newswires Live
Mar 27
Tamboran Resources (ASX:TBN) said its acquisition of all of Falcon Oil & Gas's subsidiaries has been approved by the Supreme Court of British Columbia, subject to certain amendments to the plan of arrangement relating to the treatment of Falcon shareholders subject to sanctions, according to a Friday Australian bourse filing.
The company said it is considering the amendments required by the court's final order with Falcon and their impact on the implementation of the transaction.
Both parties plan to extend the outside date under the plan of arrangement to provide additional time for the satisfaction of the conditions, the filing added.
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