IN BRIEF: Falcon Oil & Gas clarifies sanction situation with Lamesa
25th Mar 2022 20:37
Falcon Oil & Gas Ltd - oil and gas company focused in Australia and South Africa - On Wednesday notes sanctions against Viktor Vekselberg. Explains that Vekselberg is a beneficiary of the foundation that holds 100% of the shares in Lamesa Holding SA which holds 16% of Falcon's share capital. Says Lamesa nor Vekselberg have any influence or control over the operations of Falcon and/or its subsidiaries. Adds that for as long as the US imposes sanctions on Vekselberg, Lamesa’s shares in Falcon remain quarantined. Read More