Long Run Explor Ltd Ord WFREF

RE:RE:Actually

[QUANTUMJUMP]

anyone wrote: Changchun Sinoenergy did not need private placement to close the deal as it has over $100M cash + credit. However, Changchun Sinoenergy needs shareholder approval to buy 50% interest of Calgary Sinoenergy from controlling shareholders of Changchun Sinoenergy.
Changchun Sinoenergy has help or guarantee from its controlling shareholders to finance the deal even if private placement not passed.

A regulatory review by the Shanghai Stock Exchange of Changchun Sinoenergy. This review coincided with a suspension of trading and was completed last week. The stock is now trading on the Shanghai Exchange.

2.       The regulatory review period meant that Sinoenergy could not hold a vote for final approval of the plan of arrangement and funding. This vote was held immediately following resumption in trading last week and was approved.