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Aminex extends deadline to complete Canyon takeover


The deadline for Aminex (LON:AEX) to acquire Canyon Oil & Gas has been extended by mutual consent.

The deal now has until December 31 to be signed off.

In the meantime, Canyon’s management continues to integrate into the Aminex business and operations, the company said.

As part of the agreements, Canyon co-founders Jay Bhattacherjee and Philip Thompson will respectively become chief executive and chief operating officer of Aminex.

The new executives have been described by Aminex as ‘company builders’ and they may be familiar to investors from their previous roles. Bhattacherjee was a key figure in the early days of Morocco focused explorer Longreach Oil & Gas (CVE:LOI), while Thompson was a founding director of San Leon Energy (LON:SLE).

The deal was announced in September and initially the deadline was October 31.

Quick facts: Aminex PLC

Price: 0.836 GBX

Market: LSE
Market Cap: £31.52 m

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