Whitebark Energy Begins Process of Compulsory Takeover of King Energy

MT Newswires Live

04/08

Whitebark Energy (ASX:WBE) kickstarted the process to compulsorily acquire the remaining King Energy securities it does not already own, according to a Tuesday filing with the Australian bourse.

The oil and gas explorer has a relevant interest in more than 90% of King Energy's securities and at least 75% of the securities that it offered to acquire, the filing stated.

It expects to complete the compulsory acquisition process in May, the filing added.

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