Brief: PEDEVCO says co and Dome Energy mutually agree to terminate pending merger

Hotel Fast SSE AB (publ)

30/12/2015 13:03

Dec 30 (Reuters) - PEDEVCO Corp  PED.A : 
 * Says co and Dome Energy AB mutually agreed to terminate their pending merger 
   - SEC filing 
 * Says Pacific Energy Development signs merger agreement with GOM Holdings 
 * Says merger expected to increase company production to over 3,000 boepd and 
   reserves to approximately $600 million 
 * Estimate the value of the acquired assets, production and operations in 
   excess of $500 million 
 * Will be paying for deal through combination of assumption of debt and the 
   issuance of approximately $300 million of stock 
 * Says believes the merger with gom is "much more" accretive to the company and 
   its shareholders than Dome Energy deal 
 * Says will acquire 100% ownership of Gom Holdings LLC, a privately-held 
   Delaware company 
 
  Source text for Eikon (http://1.usa.gov/1QZbeRI) 
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