Brief: Armour Energy Announces Receipt Of Non-Binding Proposal To Acquire Armour

Armour Energy

16/08/2023 02:00

Aug 16 (Reuters) - Armour Energy Ltd  AJQ.AX :
    * RECEIPT OF NON-BINDING PROPOSAL TO ACQUIRE ARMOUR
    * RECEIVED AN INDICATIVE, NON-BINDING, CONFIDENTIAL AND
CONDITIONAL EXPRESSION OF INTEREST FROM SHUNKANG HOLDING GROUP
    * PROPOSAL FOR A POTENTIAL ACQUISITION OF 100% OF FULLY
DILUTED
SHARE CAPITAL OF COMPANY
    * EXPRESSION OF INTERES STATES THAT INDICATIVE ACQUISITION
PRICE
IS A$0.13 TO A$0.15 CASH PER ARMOUR SHARE
    * SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO
EXPRESSION OF INTEREST
    * NOTES CURRENT PROPOSAL IS AT A PRICE SIGNIFICANTLY BELOW
LEVEL
OF RECENT CAPITAL RAISINGS
    * NOTES THAT THERE IS NO CERTAINTY THAT EXPRESSION OF
INTEREST
WILL RESULT IN ANY POTENTIAL OFFER FOR ARMOUR SHARES

Source text for Eikon:  ID:nASX8bRcvS 
Further company coverage:  AJQ.AX 

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