Brief: Contango Gets Non-Binding Proposal For Potential Acquisition Of Assets

Contango Holdings

26/10/2023 07:13

Oct 26 (Reuters) - Contango Holdings PLC  CGO.L :
    * STATEMENT RE SHARE PRICE MOVEMENT
    * GOT NON-BINDING PROPOSAL FOR POTENTIAL ACQUISITION OF
ASSETS
WHICH MAY RESULTS IN SALE OF ASSETS AT UNIT LEVEL
    * PROPOSAL IS AT AN EARLY STAGE WITH A NUMBER OF COMMERCIAL
POINTS
UNDER DISCUSSION
    * ENTERED AGREEMENT WITH A STEEL PRODUCER TO SUPPLY 1,000
TONNES
OF WASHED COKING COAL FOR FORMAL INDUSTRIAL TRIAL DURING NOV
    * RAISED £1 MILLION FROM EXISTING STAKEHOLDERS

Source text for Eikon:  ID:nRSZ3254Ra 
Further company coverage:  CGO.L 

 ((Reuters.Briefs@thomsonreuters.com;))