Brief: Dome announces closing of the acquisition of Ginger Oil Company

Hotel Fast SSE AB (publ)

05/09/2017 07:30

Sept 5 (Reuters) - DOME ENERGY AB (PUBL)  DOMEN.ST : 
    * DOME ENERGY ANNOUNCES THE CLOSING OF THE ACQUISITION OF GINGER OIL COMPANY 
    * DOME WILL ISSUE 10M SHARES TO USE AS PAYMENT FOR 100% OF OWNERSHIP IN GOC INSTEAD OF 
PREVIOUSLY ANNOUNCED 20M SHARES 
    * THERE WILL BE NO CONTINGENCIES AFTER CLOSING INSTEAD OF PREVIOUSLY ANNOUNCED POTENTIAL 
EXTRA PAYMENT OF 20M SHARES 
    * GOC OWNERS HAVE ALSO AGREED TO AMORTIZE ADDITIONAL $250,000 ON DEBT FACILITY 
    * REASON FOR LATE CLOSING AND CHANGE OF TERMS, IS FACT THAT FINAL BANK APPROVAL HAS TAKEN 
LONGER THAN EXPECTED 
    * SUBSCRIPTION PRICE IS SEK 1 PER SHARE REGARDLESS OF MARKET PRICE ON DAY OF SET OFF 
 
Source text for Eikon:  ID:nWkr9HM90N  
Further company coverage:  DOMEN.ST  
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))