MALKA OIL: INFORMATION MEMORANDUM
(Thomson Reuters ONE) - As previous informed in a Press Release on December 1, 2009, MalkaOil has entered into a binding term sheet with Gazprom Neft for thesale of the subsidiary LLC STS-Service. In another press release ofeven date and a published notice to an Extraordinary General MeetingDecember 17, 2009, it was also informed that (1) the parties are toenter into a share purchase agreement based on the term sheet and (2)that an information memorandum about the transaction would beavailable no later than December 11, 2009. Negotiations are stillongoing between the parties. No information memorandum has thereforebeen finalized. The share purchase agreement is anticipated to besigned no later than December 14, 2009, after which, the informationmemorandum will be made available.At an Extraordinary General Meeting December 17, 2009, the Board willanswer questions and give details of the transaction, as well asrespond to the allegations that have appeared recently in the mediaabout alternative bids.For further information, please contact:Maks Grinfeld, MD, tel: +46 768 077 614Sven-Erik Zachrisson, Chairman of the Board of Directors, tel: +46 841 05 45 96For further information on Malka Oil AB, see the websitewww.malkaoil.comReasonable caution notice: The statement and assumptions made in thecompany's information regarding Malka Oil AB's ("Malka") currentplans, prognoses, strategies, concepts and other statements that arenot historical facts are estimations or "forward looking statements"concerning Malka's future activities. Such future estimationscomprise but are not limited to statements that include words such as"may occur", "concerning", "plans", "expects", "estimates","believes", "evaluates", "prognosticates" or similar expressions.Such expressions reflect the management of Malka's expectations andassumptions made on the basis of information available at that time.These statements and assumptions are subject to a large number ofrisks and uncertainties. These, in their turn, comprise but are notlimited to i) changes in the financial, legal and politicalenvironment of the countries in which Malka conducts business, ii)changes in the available geological information concerning thecompany's projects in operation, iii) Malka's capacity tocontinuously guarantee sufficient financing to perform theiractivities as a "going concern", iv) the success of all participantsin the group, or of the various interested companies, joint venturesor secondary alliances, v) changes in currency exchange rates, inparticular those relating to the RUR/USD rate. Due to the backgroundof the many risks and uncertainties that exist for anyoil-prospecting venture and oil production company in its initialstage, Malka's actual future development may significantly deviatefrom that indicated in the company's informative statements. Malkaassumes no implicit liability to immediately update any such futureevaluations.http://hugin.info/138739/R/1360816/332202.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 11.12.2009 - 18:32 Uhr
Sprache: Deutsch
News-ID 9556
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