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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.