Upland Resources plc has terminated the offer period relating to an unsolicited approach earlier in the week for a possible takeover, which it rejected. REMOVAL In a statement on 27 October the company said: “The board of Upland now advises that it has received information that has cast significant doubt on the veracity of the […]
Tag: takeover bid
Upland rejects unsolicited takeover offer
Upland Resources plc, partner in the Dunrobin prospect, has “unequivocally rejected” an unsolicited “very preliminary” approach for a possible takeover. ASSETS The South East Asian company holds 32% in the Inner Moray Firth joint venture, with Reabold Resources plc (36%) and Baron Oil (32%). It also has a 25% interest in onshore block SK46c in […]
Ascent to bid for Amur Minerals with all-share offer
Ascent Resources plc intends to bid for Amur Minerals Corporation which recently sold its Kun Marie nickel copper sulphide project in Amur Oblast, far east Russia for US$35 million. NEW ENTITY Ascent said it had been involved in “a period of protracted discussions” with the British Virgin Islands-based company. Ascent aims to create a “larger, […]