11th Aug 2014 10:00
11 August 2014
| AIM/ASX Code: WHE
|
LINC ENERGY WITHDRAWS FROM COAL SALE TRANSACTION |
AIM and ASX listed Wildhorse Energy ('WHE' or 'the Company') announces that the Singapore Exchange listed Linc Energy Limited ('Linc Energy') has advised the Company that it no longer wishes to proceed with any further discussions or completion of the coal sale transaction contemplated by the Heads of Agreement.
The Company is currently assessing alternative options in respect of both the uranium and UCG assets. Due to the Linc Energy transaction not proceeding the Company is considering the implications for the current rights issue. To this end, the Company will provide an update to the market shortly.
**ENDS**
For further information please visit www.wildhorse.com.au or contact:
Matt Swinney | Wildhorse Energy Limited | Tel: +44 (0)207 292 9110 |
Colin Aaronson/Jen Clarke/Jamie Barklem | Grant Thornton UK LLP | Tel: +44 (0)207 383 5100 |
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