Equities
Westmount-backed JHI Secures Approval for Takeover by Eco (Atlantic) Oil & Gas
Westmount Energy's (WTE.L) investee JHI Associates secured shareholder and the Ontario Superior Court of Justice (Commercial List) clearances for its takeover by Eco (Atlantic) Oil & Gas (ECO.L).The oil and gas investing company said Tuesday the plan of arrangement for the takeover is still subject to a five-year license extension of the PL001 license, a cash balance of $1 million upon closing, government approvals, and other conditions.
$ECO.L$WTE.L