Argos Resources Ltd - Falkland Islands-based oil and gas exploration company focused on the North Falkland Basin - Confirms that at general meeting on May 26, all resolutions were passed. This means the sale of its PL001 production licence interests in the North Falkland Basin will now proceed. As the sale is not now expected to be completed in May, the company's shares will continue to be admitted to trading on AIM beyond the previously anticipated date of cancellation. Completion of the sale is now expected by June 28. Plans to notify a definitive timetable for cancellation as soon as possible.
Current stock price: 0.42 pence, closing 20% lower in London on Tuesday
12-month change: down 78%
By Jeremy Cutler, Alliance News reporter
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