Brief: Tomco Energy Says Agreement Has Now Been Varied To Extend Exercise Period Of Option For Greenfield/TSII Deal
30/12/2022 07:50
Dec 30 (Reuters) - TomCo Energy PLC TOME.L :
* TOMCO ENERGY PLC - UPDATE RE TSHII
* TOMCO ENERGY PLC - AGREEMENT HAS NOW BEEN VARIED IN ORDER
TO
EXTEND EXERCISE PERIOD OF OPTION
* TOMCO ENERGY PLC - THERE CAN BE NO CERTAINTY THAT REQUIRED
FUNDING CAN BE SECURED TO COMPLETE ACQUISITION OF REMAINING 90%
OF MEMBERSHIP INTERESTS
* TOMCO ENERGY- GREENFIELD MAY NOW EXERCISE OPTION BY
DELIVERING A
NOTICE OF EXERCISE ON OR BEFORE FEB 28 2023 AND PAYING $16.25
MILLION CASH CONSIDERATION BY NO LATER THAN 3 MARCH 2023
Source text for Eikon: ID:nRSd2593La
Further company coverage: TOME.L
((Reuters.Briefs@thomsonreuters.com;))