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Magnum, Bombora end acquisition plans

Plans by private company Bombora Natural Energy to join the ASX through the acquisition by Magnum Gas & Power have fallen through after the deal was terminated by mutual agreement.

Magnum said in a statement today that the proposed acquisition, for 2.4 billion shares at a price of 0.1 cent each, had been terminated and would no longer occur.

The deal was originally announced in February.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 28/04/17

1 year TSR5 year TSR
thWestgold Resources0%0%
510thVolt Resources-10%-17%
514thMagnum Gas & Power-10%-33%
726thWalkabout Resources-55%-34%
707 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

15/02/17
$15k Issued
15/02/17
$15k Issued
15/02/17
$15k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

434th↓Magnum Gas & Power$0
476th-Volt Resources$0
477th↑Walkabout Resources$0
479th-Corizon$14k
480th-Westgold Resources$0
494 listed resources companies ranked by revenue.
Source: Morningstar

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