Client NewsBeacon Energy plc: Reverse Takeover Transaction and Corporate Update
Beacon Energy plc (AIM:BCE), the energy company seeking growth through acquisition or farm-in to interests in discovered upstream projects, is pleased to announce that the Company has entered into a conditional Share Purchase Agreement (“SPA”) with Tulip Oil Holding B.V. (“Tulip”) and Deutsche Rohstoff A.G. (“DRAG”) (collectively, the “Sellers”) relating to the purchase of the entire issued and to be issued share capital of Rhein Petroleum GmbH (“Rhein Petroleum”), (the “Proposed Transaction”).
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