Mustang Energy PLC Acquisition Update (5547V)
04 Décembre 2023 - 11:04AM
UK Regulatory
TIDMMUST
RNS Number : 5547V
Mustang Energy PLC
04 December 2023
4 December, 2023
Mustang Energy PLC
("MUST" or the "Company")
Acquisition Update
As referred to in its announcements dated 9 August 2023 and 12
September 2023, the Company had entered into negotiations with the
shareholders of VRFB Holdings Limited ("VRFB-H"), being Bushveld
Minerals Limited ("BMN") and Acacia Resources Limited ("Acacia"),
in respect of renegotiating the terms under which the Company would
acquire their interests in VRFB-H.
BMN, as referred to in its announcement dated 20 November 2023,
is to commence a formal sale process for its interest in VRFB-H.
The Company has decided not to participate in that sale process. As
a result, Acacia and the Company have concluded that it is not in
either parties' best interest to pursue the acquisition of Acacia's
minority interest in VRFB-H and seek readmission on that basis
alone.
The Company continues to actively consider acquisition
opportunities. Further announcements will be made in due
course.
ENQUIRIES
For further information, please visit www.mustangplc.com, follow
us on Twitter @Mustang_Plc, or contact:
Mustang Energy PLC
Dean Gallegos, Managing Director dg@mustangplc.com
+61 416 220 007
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END
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December 04, 2023 05:04 ET (10:04 GMT)
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