Brief: White Energy To Buy EGR For A$5 Million In Shares At A$0.06 Per Share

White Energy

22/05/2026 02:36

May 22 (Reuters) - White Energy Company Ltd WEC.AX:

NON-BINDING INDICATIVE TERM SHEET FOR PROPOSED COAL ACQS

TO BUY EGR FOR A$5 MILLION IN SHARES AT A$0.06 PER SHARE

TO BUY OCELTIP COAL 2 PTY LTD FOR A$4 MILLION CASH

TO RAISE ABOUT A$15 MILLION AT A$0.06 PER SHARE

NATHAN TINKLER PROPOSED AS EXECUTIVE CHAIR; JOHN CANAVAN AS NON-EXECUTIVE DIRECTOR

PARTIES AGREE TO FOUR-WEEK EXCLUSIVITY PERIOD FOR DUE DILIGENCE AND NEGOTIATIONS

Further company coverage: WEC.AX

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