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Peako Ltd

Peak Oil and Gas to progress merger with Octanex

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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.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: Peako Ltd

Price: $0.02

Market: ASX
Market Cap: $2.31 m
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