Falcon Oil & Gas Ltd. - Approval for the sale of Falcon’s 98.1% interest in Falcon Oil & Gas Australia Limited to Tamboran group.

Summary by AI BETAClose X

Falcon Oil & Gas Ltd. announced that shareholders of its subsidiary, Falcon Oil & Gas Australia Limited, approved the sale of Falcon's 98.1% interest in the subsidiary to the Tamboran group. This approval is a key condition precedent for the broader transaction, which remains on track to close in the first quarter of the year, and allows Tamboran to compulsorily acquire remaining shares from minority shareholders at a price no less than that paid to Falcon.

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