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


Published Feb 24, 2016
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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