Talon Energy Ltd (ASX:TPD) CEO Colby tells Proactive the company has formalised a binding scheme implementation deed with Strike Energy Ltd (ASX:STX) (Strike Energy Ltd (ASX:STX)), a strategic move that will see Strike acquire all issued shares of Talon by the way of a scheme of arrangement. On implementing the scheme, Talon shareholders are set to receive 0.4828 new Strike shares for every Talon share held as of the record date. In parallel, Talon has also initiated exploratory discussions centred on spinning out its 33% interest in the Gurvantes XXXV Project in Mongolia.
Talon Energy details proposed acquisition by Strike Energy
