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Long Run Explor Ltd Ord WFREF

"Long Run Exploration Ltd is engaged in the development, exploration and production of oil and natural gas in western Canada."


GREY:WFREF - Post by User

Post by QUANTUMJUMPon Jun 03, 2016 11:02pm
422 Views
Post# 24933753

Halt had nothing - $ to us by month end

Halt had nothing - $ to us by month end
to do with LRE acquisition -

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.

3.       Investment Canada, which is in the final review process of the application to approve our plan of arrangement, came back with three undertakings late last week. These undertakings have been completed and the application will proceed towards final review.

 

   Because our Plan Of Arrangement originally called for a late May closing and recognizing that, on approval, closing could slip into June we made a press release to inform shareholders of the extension of our plan of arrangement.

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