Brief: Petrel Resources Announces Payment For Second Tranche Of Shares To Tamraz Group Not Yet Received

Petrel Resources

08/01/2020 07:51

Jan 8 (Reuters) - Petrel Resources PLC  PET.L :
    * PAYMENT FOR SECOND TRANCHE OF SHARES TO TAMRAZ GROUP,
EXPECTED
BY 6 JANUARY, HAS NOT YET BEEN RECEIVED
    * THE SHARES HAVE BEEN ISSUED AND ALLOTTED, BUT NOT YET
DELIVERED
IN FORM OF SHARE CERTIFICATES TO INTENDED SHAREHOLDERS
    * CERTIFICATES ARE BEING RETAINED BY PETREL RESOURCES PLC
UNTIL
PAYMENT IS RECEIVED
    * DIRECTORS BELIEVE CIRCA 4 MILLION SHARES MAY HAVE BEEN
SOLD OVER
RECENT DAYS IN POSSIBLE BREACH OF LOCK-IN ENTERED BY TAMRAZ
GROUP

Source text for Eikon:  ID:nRSH0651Za 
Further company coverage:  PET.L 

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