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End in sight for Warrego

27th February 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Suitor Hancock Energy has started the compulsory acquisition of the remaining shares in ASX-listed Warrego Energy, after gaining a 95.63% interest in the takeover target.

Warrego on Monday announced that the process was likely to take between four and six weeks to complete.

Hancock is offering Warrego shareholders 36c a share for their interest in the company.

Hancock has previously said that it would remove Warrego from the Australian trading bourse once gaining a more than 90% shareholding in the company.

Edited by Creamer Media Reporter

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