Cordillera Resources Plc
20�Dec�2005
Acquisition of Continental Petroleum Limited
Cordillera Resources, the AIM-quoted mineral mining investment company today announces that it has entered into an agreement to acquire Continental Petroleum Limited which owns a majority interest in two licensed oil and gas exploration projects in Western Siberia, Russia.�
The Acquisition is conditional upon, amongst other things, completion by both parties of satisfactory due diligence and approval by Cordillera shareholders.� The Company anticipates that the due diligence process will be completed within seven weeks and that shareholder approval will be sought at an extraordinary general meeting to be held as soon as reasonably practicable thereafter.
On completion of the Acquisition, the Company will change its name to Continental Petroleum Plc.
Source: Cordillera Resources Plc announcement
Kerman & Co LLP, led by Michael Bennett and Nicholas Narraway, advised the Company on the acquisition and corporate finance aspects.
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