Trinity Exploration & Production (GB:TRIN) has released an update.
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.
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