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MercantileĀ Investment Company Limited updates on proportional takeover bid to acquire Galilee Energy Limited

Monday, 20 Jan 2014 10:00pm EST 

Galilee Energy Ltd:Says at meeting convened earlier Jan. 21, 2014 the shareholders voted against the proportional takeover bid to acquire Galilee Energy Limited (Offer) made by Olympus Funds Management Pty Ltd, a wholly owned subsidiary of Mercantile Investment Company Limited.Says as a result Olympus will withdraw the Offer and the offer, if not previously accepted, will automatically become incapable of acceptance.Says any contract resulting from an acceptance of this offer before the withdrawal will automatically become void and Olympus will look to promptly returning all documents sent to it with the acceptance of the Offer. 

Company Quote

30 Jan 2015