Brief: Comet Ridge Updates On Acquisition Of Mahalo Gas Project
21/05/2026 02:39
May 21 (Reuters) - Comet Ridge Ltd COI.AX: UPDATE ON ACQUISITION OF MAHALO GAS PROJECT REDUCES UP-FRONT CASH, EXTENDS COMPLETION DATE BY THREE MONTHS FIRM CONSIDERATION IS A$28 MILLION: A$18 MILLION CASH, A$10 MILLION IN COMET SHARES FUNDING SATISFACTION DATE EXTENDED TO 14 AUG 2026; CONDITIONS DEADLINE TO 30 SEPT 2026 UP TO A$30 MILLION IN CONTINGENT PAYMENTS BASED ON SALES GAS MILESTONES ISSUE OF CONSIDERATION SHARES SUBJECT TO SHAREHOLDER APPROVAL BEFORE 30 SEPT 2026 Further company coverage: COI.AX ((Reuters.Briefs@thomsonreuters.com;))
Recent news on Comet Ridge
See all newsBrief: Comet Ridge Says Natural Gas Pipeline Licence Awarded For Mahalo Gas Hub
Australia's Comet Ridge hits 4.5-year low on discounted placement
Brief: Comet Ridge Requests Trading Halt
Australia's Comet Ridge logs best day in over 5-years on cutting Mahalo deal price
Brief: Comet Ridge Updates On Acquisition Of Mahalo Gas Project