NZ Energy Corp gets extension to complete Origin deal

Mon, 12 Aug 2013

Aug 13 (BusinessDesk) - New Zealand Energy Corp has gained a six week extension in its vexed efforts to complete the purchase of gas production assets it is buying from Origin Energy, in exchange for adding an extra C$1 million to the C$5 million non-refundable deposit it has already made. The Vancouver-based company announced to the Toronto Stock Exchange that Origin had agreed to extend the deadline for meeting finance conditions from tomorrow to Sept. 30, and the government approval deadline from Sept. 13 to Oct. 14. The extension comes a...

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