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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