Petrox Resources Announces Extension Of LOI For The Proposed Acquisition Of SSGE Bio-Energy Company Limited
Date
10/1/2024 7:12:31 PM
(MENAFN- Newsfile Corp)
Calgary, Alberta--(Newsfile Corp. - October 1, 2024) - Petrox Resources Corp. (TSXV: PTC) (" Petrox ") is pleased to announce that, further to its news release of May 24, 2024 in which Petrox announced the signing of a non-binding letter of intent to complete a transaction (the "Proposed Transaction") whereby it will acquire all of the shares of SSGE Bio-energy Company Limited ("SSGE"), the deadline to enter into a definitive agreement with respect to the Transaction has been extended to December 31, 2024, failing which the LOI will be terminated.
About Petrox
Petrox is a publicly traded Canadian junior oil and gas company engaged in the exploration and development of oil and natural gas resources in the Western Canadian Basin. Petrox currently has a production property in Fletwode, Saskatchewan that produces approximately 17 bbls/d.
The Common Shares of Petrox are listed and posted for trading on the TSX Venture Exchange under the trading symbol, "PTC".
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