Interra Gets More Time to Acquire Indonesia's PT Benakat Barat Petroleum
Interra Resources Limited (the Company) referred Tuesday to its announcements dated Sept. 3, 2013, Sept. 16, 2013, Sept. 23, 2013, June 2, July 2, Aug. 1, Aug. 23 and Nov.20 relating to the Proposed Acquisition (the Announcements) of equity interests in PT Benakat Oil, PT Indelberg Indonesia, PT Bintang Sukses Nasional and PT Benakat Petroleum in Indonesia. Capitalized terms not defined herein shall bear the same meanings ascribed to them in the Announcements.
The Board wishes to announce that the Sellers and the Company have agreed to extend the Longstop Date to Dec. 10 to allow parties more time to conclude negotiations that are currently on-going between the parties on the Proposed Acquisition.
The Company will make further announcements on the outcome of these negotiations.
Caution in Trading
Shareholders and potential investors are advised to exercise caution when trading in the Shares. There is no certainty or assurance as at the date of this announcement that the Proposed Acquisition will be completed, or that no changes will be made to the terms thereof. The Company will make the necessary announcements when there are further developments on the Proposed Acquisition. Shareholders are advised to read this announcement and any further announcements by the Company carefully. Persons who are in doubt as to the action they should take should consult their legal, financial, tax or other professional advisers.
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