Nordic Acquisition Co Ltd (NAC) Bids for Share Capital of Nordic Petrolumn ASA (NOP)
LONDON, November 21, 2012 /PRNewswire/ --
A special purpose vehicle has been formed by Mauricio Trevino Zambrano to bid for the entire share capital of Nordic Petroleum ASA.
After 2 years of protracted negotiations between Mercom Oil Sands and Nordic Petroleum ASA with disagreements and un-workable contracts Mercom Oil Sands PLC seems to have reached a crossroads.
NAC has been formed to launch a bid for the entire share capital of Nordic Petroleum and is actively seeking willing shareholders to join in creating an exciting opportunity with a team that can raise capital, create value and effectively manage the assets.
Mr. Zambrano was instrumental in bringing the single largest contribution to the IPO of Mercom Oil Sands PLC and has a huge desire to see the transaction reap rewards and be successful.
Should an offer be successful NAC intends to offer the CHARD asset to Mercom but no discussion at board level or agreements to this effect are in place at this time.
An offer has been submitted to the board of NOP for good measure but NAC now seeks to deal only with NOP shareholders directly.
SOURCE Nordic Acquisition Co Ltd
Journalists and Bloggers
Visit PR Newswire for Journalists for releases, photos and customised feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
Until you hear the full story, why would you invest?
Making sound investment decisions can be difficult. You can study the figures and read the analyst recommendations, but how do you really know the story behind company strategy? How can you get answers to your questions?
The Private Investor Network helps you to reach an informed decision on the stocks you pick. Interactive presentations from UK listed companies give you the kind of access previously enjoyed only by the big fund managers. And with keynote speeches from industry experts, downloadable content and an investor lounge where you can swap tips with your peers, you can invest with confidence.
For more information, and to register for FREE, visit us at www.privateinvestornetwork.co.uk
Get content for your website
Enhance your website's or blog's content with PR Newswire's customised real-time news feeds.
Contact PR Newswire
Send us an email at MarketingUK@prnewswire.co.uk or call us at +44 (0)20 7454 5382
Become a PR Newswire client
Request more information about PR Newswire products & services or call us at +44 (0)20 7454 5382