Brief: Pedevco Says Provides Second Status Update Regarding Open Letter Delivered To Avalon Energy

PEDEVCO

28/08/2020 11:35

Aug 28 (Reuters) - PEDEVCO Corp  PED.A :
    * PEDEVCO CORP - PROVIDES SECOND STATUS UPDATE REGARDING
OPEN
LETTER DELIVERED TO AVALON ENERGY, LLC
    * PEDEVCO - AVALON INDICATED DUE TO EXCLUSIVITY PROVISIONS
OF
MONTARE AGREEMENT, AVALON WILL NOT ENTERTAIN FURTHER
COMMUNICATIONS WITH CO ON INDICATION OF INTEREST
    * PEDEVCO - AVALON BOARD REJECTED CO'S PROPOSAL, NOTING THAT
AVALON E&P HAD ALREADY ENTERED INTO AGREEMENT WITH MONTARE
RESOURCES I LLC
    * PEDEVCO CORP - CONTINUES TO EVALUATE OPTIONS FOR A
POTENTIAL
ACQUISITION OF ALL TRUST UNITS HELD BY AVALON
    * PEDEVCO - CONSIDERING POSSIBLE PUBLIC TENDER OFFER THAT
WOULD
OFFER CO’S PUBLICLY-TRADED COMMON STOCK IN EXCHANGE FOR TRUST
UNITS NOT HELD BY AVALON

Source: (https://bit.ly/2ECBva9)
Further company coverage:  PED.A 

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