Mosman Oil and Gas Limited has received acceptances from Trident Energy Limited (Trident) shareholders that comprise 90.05% of the entire issued capital of Trident.

Following this significant milestone, being the 90% acceptance level required in order for Mosman to proceed with the compulsory acquisition of the remainder of the Trident shares (pursuant to the compulsory acquisition provisions of the Corporations Act 2001 (Cth)), Mosman has today notified Trident that it will proceed with the compulsory acquisition procedure. Following completion of this procedure, Mosman will own 100% of the issued share capital of Trident and Trident will be a wholly owned subsidiary of Mosman.

Tags: Mosman Oil and Gas Limited