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American Patriot gets 22 c/share takeover offer from Running Foxes Petroleum


Published Feb 24, 2016
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American Patriot Oil and Gas Limited

American Patriot Oil and Gas Limited has an unsolicited takeover bid to acquire 100% of the company from Running Foxes Petroleum Inc.

The all cash offer of $0.22 per share values the company at $35 million.

The bid is subject to RFP holding a relevant interest of over 90% of shares in AOW and the successful completion of a due diligence process by RFP.

Tags: American Patriot Oil and Gas Limited




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