IN BRIEF: Columbus Energy Shareholders Approve Bahamas Petroleum Merge

Columbus Energy Resources PLC - Trinidad-based oil and gas explorer - Gains shareholder approval ...

Alliance News 27 July, 2020 | 9:52PM
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Columbus Energy Resources PLC - Trinidad-based oil and gas explorer - Gains shareholder approval for proposed merger with Bahamas Petroleum Co, which is now conditional on being sanctioned by the court. In June, both companies agreed to all-share merger, where for each share in Columbus they own, shareholders will receive 0.803 Bahamas Petroleum shares, a deal which values London-based Columbus at GBP25.1 million.

Current stock price: 1.85 pence

Year-to-date change: down 46%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Columbus Energy Resources PLC
Bahamas Petroleum Co PLC 2.60 GBX 10.64 -

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