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Torrens-Phoenix merger complete

TORRENS Energy has completed its off-market takeover of Phoenix Oil and Gas, changing its name to High Peak Royalties.

Andrew Snelling
Torrens-Phoenix merger complete

Torrens acquired over 98% of Phoenix's issued shares, with the remainder to be compulsorily acquired in due course, and raised $6 million via a public offer through the takeover process. High Peak expects...

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