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Research >
Final Approval to Close Acquisition by GeoJade Petroleum Received

  • 12 Sep 2016

Final Approval to Close Acquisition by GeoJade Petroleum Received

  • Stifel FirstEnergy
    • Darren B. Engels

    • 4 pages

Oil & Gas - E&Ps image


 
Oil & Gas - E&Ps image


Geo-Jade Petroleum has received Chinese State Administration of Foreign Exchange (SAFE) approval to complete the acquisition of Bankers Petroleum for C$2.20 per share. There are no additional regulatory hurdles for Geo-Jade to acquire Bankers. It is expected that completion of the agreement to acquire Bankers will take approximately two weeks, and will be finalized prior to September 30, 2016. Bankers stock will be delisted prior to the end of September 2016. With this positive update, and due ....

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Final Approval to Close Acquisition by GeoJade Petroleum Received

  • Published: 12 Sep 2016
  • Author: Darren B. Engels
  • Pages: 4
  • Stifel FirstEnergy


Geo-Jade Petroleum has received Chinese State Administration of Foreign Exchange (SAFE) approval to complete the acquisition of Bankers Petroleum for C$2.20 per share. There are no additional regulatory hurdles for Geo-Jade to acquire Bankers. It is expected that completion of the agreement to acquire Bankers will take approximately two weeks, and will be finalized prior to September 30, 2016. Bankers stock will be delisted prior to the end of September 2016. With this positive update, and due ....


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