Aminex PLC announces that the final deadline for the acquisition of Canyon Oil and Gas Ltd. (”Canyon”) has been extended by mutual consent with Canyon’s shareholders from 31 October as previously announced, to 31 December 2013, pending finalisation of the formal Sale and Purchase Agreement. Meanwhile the Canyon management team has continued to integrate itself into the business and is fully engaged on Aminex’s operations.
About Aminex
Aminex (LSE/ISE: AEX) is an Africa-focused oil and gas exploration and production company with two operated discoveries in Tanzania.
Aminex expects to begin production in early 2015 through a major new pipeline currently being constructed for the Tanzanian government with funding from the Export-Import Bank of China.
About Canyon Oil & Gas Ltd.
Canyon Oil & Gas Ltd. is a privately held oil and gas company which currently has low risk development assets and is building a strong production base to support its higher reward exploration portfolio in both the unconventional and conventional play types.