Curzon Energy PLC - investor in US based natural gas projects - Announces a further extension to its exclusivity period with Poseidon Enhanced Technologies to May 1, as the two companies work towards a definitive purchase agreement, contemplating a reverse takeover of Curzon by PET. Poseidon aims to provide the lowest-cost solution for the food and beverage industry to achieve its goal of reducing the use of single-use plastics.
Due to the potential transaction constituting a reverse takeover, Curzon's shares have been temporarily suspended.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Curzon Energy (CZN)