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.


(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

Thanks! This question prevents spammers...
Enter the characters shown in the image.

Add your comment

BNIQ sponsored byLPC cresa

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
thMarquee Resources0%0%
106thMagnum Gas & Power100%-28%
383rdManhattan Corporation6%-24%
540thLodestar Minerals-18%-23%
658thLion One Metals-40%-4%
726 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


430th↑Lion One Metals$0
431st↑Lodestar Minerals$0
432nd↓Magnum Gas & Power$0
433rd↑Manhattan Corporation$0
434th-Marquee Resources$0
491 listed resources companies ranked by revenue.
Source: Morningstar

BNiQ Disclaimer