Completion of Gain Acquisition and Harvard Sale
i3 Energy plc
("i3" or the "Company")
Completion of Gain Acquisition and Harvard Sale
i3 Energy plc is pleased to announce that, following the completion of the re-admission as set out in the announcement of 11th August 2020, the Company has now completed the acquisition of all the petroleum and infrastructure assets of Gain Energy Ltd for CAD$80 million (c.US$58.8 million). The Company has also completed the sale of such petroleum and infrastructure assets held by Gain Energy Ltd which are located in Saskatchewan, to Harvard Resources Inc for CAD$45 million (cUS$33 million).
Capitalised terms used in this announcement have the meanings given to them in the announcement made and admission document published on 11th August 2020 unless the context provides otherwise.
ENDS
CONTACT DETAILS:
|
|
The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014. |
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Latest directors dealings
- 2 hours ago Marlowe
- 2 hours ago Haleon
- 2 hours ago TUI AG Reg Shs (DI)
- 2 hours ago Georgia Capital
- 2 hours ago Weir Group