Echo Energy given more time to obtain waiver to acquire Santa Cruz Sur assets

Mon, 4th Nov 2019

Echo Energy said it had been given more time to get a waiver from the minority co-owner of the Santa Cruz Sur assets to complete their acquisition. The company said the extension would provide sufficient time for the waiver to be delivered, but should it not be received on or before 6 November 2019, and in the absence of further extensions, the acquisition agreement would be terminated and the acquisition would not proceed. 'Substantial progress in obtaining the Waiver has been achieved and the extension is intended to provide sufficient time for the Waiver to be delivered,' the company said. 'Completion of the acquisition also remains conditional on the passing of the Resolutions at the General Meeting of the Company to be held on 7 November 2019,' it added. At 9:02am: (LON:ECHO) Echo Energy Plc share price was 0p at 3p Story provided by StockMarketWire.com

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