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Peak Oil and Gas to progress merger with Octanex

Peak Oil and Gas to progress merger with Octanex

Peak Oil and Gas (ASX:PKO) has been granted an ASX trading halt in relation to its proposed merger with Octanex (ASX:OXX).

The proposed Scheme consideration is the issue of 1 Octanex share for every 24 Peak shares.

The halt will last until the earlier of the announcement being made or the start of trade on Tuesday, 16th December 2014.

Shares in Octanex have also being placed in a trading halt.

 

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