Oando To Conclude Acquisition Of Subsidiary April 29 | Independent Newspapers Limited
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Oando To Conclude Acquisition Of Subsidiary April 29

Posted: Mar 30, 2016 at 11:55 am   /   by   /   comments (0)

The management of Oando Energy Resources, listed on the Toronto Stock Exchange (TSX), on Wednesday announced an extension of the proposed plan of arrangement with Oando Plc its parent company and Oando E&P Holdings Limited, to April 29, 2016.
This, the company said in a statement submitted to the Nigerian Stock Exchange (NSE), is to enable the parties to the deal “obtain certain outstanding lender consents.”
The statement signed by Pade Durotoye, chief executive of OER Incorporated, assured that “the material conditions precedent to completion of the arrangement have been satisfied, including the final order of the Supreme Court of British Columbia, which was issued on February 26, 2016.”