Mon, 23rd Oct 2023 08:38
(Sharecast News) - Shares of Upland Resources rocketed on Monday after the oil and gas company confirmed it had received and rejected an unsolicited, "very preliminary" approach about a possible takeover offer at 14p a share from SEC Capital.
In a very brief statement responding to press speculation, it said: "The board has unequivocally rejected the approach as it believes it significantly undervalues the current potential of the company."
At 0850 BST, the shares were up 109% at 6.16p.
(Alliance News) - Upland Resources Ltd on Monday said it raised money from investors and that it engaged in discussions with "key" stakeholders.
(Alliance News) - Upland Resources Ltd on Monday said it has signed a letter of intent for a potential joint venture agreement with an unnamed "partne...
(Alliance News) - Upland Resources Ltd announced on Thursday that progress has been in the exploration of Sarawak Block SK334.
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:
(Alliance News) - Upland Resources Ltd on Monday said it has formed a Finance & Investment Committee to boost its workstream management.
Upland Resource (UPL)