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Provider: Reuters Investment Profile
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Provider: GlobalData
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PetroGrand further postpones time schedule in public cash offer for Shelton Petroleum


Friday, 4 Apr 2014 02:59am EDT 

PetroGrand AB:Postpones the previously announced tentative timetable for the offer for shares, convertible bonds and warrants in Shelton Petroleum AB.Publication of the offer document will take place on April 17.Acceptance period runs from April 22 to May 13.Expects settlement on May 22.The reasons for the postponement include providing the shareholders in Shelton Petroleum and Petrogrand the opportunity to take part of the annual report and information from the period from Jan. - March 2014 that Shelton Petroleum is to publish in April.Clarifies the offer is not conditional upon that an independent due diligence of Shelton Petroleum may be made. 

Company Quote

4.75
-0.25 -5.00%
8:37am EST