Brief: Dome Energy receives term sheet for merger financing

Hotel Fast SSE AB (publ)

22/10/2015 13:30

Oct 22 (Reuters) - Dome Energy publ AB  DOMEN.ST : 
    * Provides operational update and receives term sheet for merger financing with Pedevco 
    * Once the merger is concluded, Dome Energy AB will become a large shareholder of Pedevco 
    * Intention is to distribute the shares in Pedevco to Dome Energy AB's shareholders without 
tax implication according to Lex Asea 
    * Merger must be concluded by middle of November otherwise Dome will have to provide Q3 
financials 
    * At present, believes that will close transaction in November 
    * Dome and it's merger partner has sought to raise additional capital to aggressively expand 
operations and to repay existing high interest debt 
    * Aims to close financing agreements within 6-8 weeks 
 
     
Source text for Eikon:  ID:nWkrjv2754  
     
Further company coverage:  DOMEN.ST  
 
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