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 31/03/17

1 year TSR5 year TSR
thTechnology Metals Australia0%0%
11thSpitfire Materials1500%-5%
243rdSpectrum Rare Earths60%-44%
625thTalisman Mining-18%-4%
743rdMagnum Gas & Power-55%-41%
706 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

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


434th↓Magnum Gas & Power$0
464th↓Spectrum Rare Earths$0
465th↓Spitfire Materials$0
467th↓Talisman Mining$0
468th-Technology Metals Australia$0
505 listed resources companies ranked by revenue.
Source: Morningstar

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