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Texon Petroleum Announces Federal Court Approves Schemes

27 Feb 2013  |  13:06:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Federal Court approves Schemes

Texon Petroleum advised that the Federal Court of Australia has made orders approving the proposed schemes of arrangement under which Talon Petroleum will be demerged from the company and the company will be acquired by Sundance Energy Australia. Court orders are expected to be lodged with the ASIC and the ASX on 27 February 2013, at which time the demerger and acquisition schemes will become legally effective.

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