Trinity Exploration & Production (GB:TRIN) has released an update.
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Trinity Exploration & Production’s directors have unanimously decided to endorse Lease Operators Limited’s cash offer, valuing Trinity shares at a significant premium and providing immediate value without further investment or risk. This move supersedes and improves upon a prior offer from Touchstone Exploration Inc., with Trinity’s directors now recommending shareholders to favor the Lease Operators deal and indefinitely postponing the court hearing for the Touchstone offer.
For further insights into GB:TRIN stock, check out TipRanks’ Stock Analysis page.
