Atha Energy Corp. (TSE:SASK) has released an update.
Atha Energy Corp. has finalized its acquisition of 92 Energy, issuing 64.1 million shares to 92 Energy shareholders, who are set to receive 0.5834 Atha shares for each 92 Energy share they held. Shareholders ineligible to receive shares directly will be compensated through a Sale Facility managed by a sale agent. Consequently, 92 Energy’s shares were suspended on the ASX, with delisting expected to follow shortly.
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