19th Feb 2015 15:20
LONDON (Alliance News) - Proxima Capital Group Inc Thursday said it does not intend to make an offer for JKX Oil & Gas.
Earlier this month, Proxima had said it was in the very early stages of considering a potential offer for the company.
JKX also confirmed Thursday that at "no stage has any approach whatsoever been made to the board of JKX by Proxima."
JKX shares were down 25% at 25.50 pence on Thursday.
By Samuel Agini; [email protected]; @samuelagini
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