Protean Energy Limited (AU:POW) has released an update.
Don't Miss Our New Year's Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Protean Energy Limited has announced the termination of its acquisition agreement with Aurora Minerals Pty Ltd due to an unsatisfied debt-for-equity swap condition. Consequently, the company has withdrawn its prospectus and will return all subscription funds to investors. Protean plans to restructure with the aim of re-listing once market conditions improve.
For further insights into AU:POW stock, check out TipRanks’ Stock Analysis page.