Westmount-backed JHI Secures Approval for Takeover by Eco (Atlantic) Oil &Gas
Igår, 10:13
Igår, 10:13
04:13 AM EDT, 05/19/2026 (MT Newswires) -- Westmount Energy's (WTE.L) investee JHI Associates secured shareholder and the Ontario Superior Court of Justice (Commercial List) clearances for its takeover by Eco (Atlantic) Oil &Gas (ECO.L).
The oil and gas investing company said Tuesday the plan of arrangement for the takeover is still subject to a five-year license extension of the PL001 license, a cash balance of $1 million upon closing, government approvals, and other conditions.
Igår, 10:13
04:13 AM EDT, 05/19/2026 (MT Newswires) -- Westmount Energy's (WTE.L) investee JHI Associates secured shareholder and the Ontario Superior Court of Justice (Commercial List) clearances for its takeover by Eco (Atlantic) Oil &Gas (ECO.L).
The oil and gas investing company said Tuesday the plan of arrangement for the takeover is still subject to a five-year license extension of the PL001 license, a cash balance of $1 million upon closing, government approvals, and other conditions.
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