Addax Petroleum Announces the Regulatory Filing of the C$52.80 Per Share Cash Offer by Sinopec...

CALGARY, Canada, June 25 /PRNewswire-FirstCall/ -- Addax Petroleum Corporation ("Addax Petroleum" or the "Corporation") (TSX: AXC and LSE: AXC) announced today that the definitive agreement (the "Acquisition Agreement") with Sinopec International Petroleum Exploration and Production Corporation ("SIPC") pursuant to which SIPC has agreed, subject to the terms of the Acquisition Agreement, to make an offer to acquire all of the outstanding common shares of Addax Petroleum by way of a negotiated take-over bid for C$52.80 per common share has been filed with the Canadian and U.K. securities regulatory authorities. A copy of this document may be obtained via http://www.sedar.com/ and http://www.londonstockexchange.com/. About Addax Petroleum Addax Petroleum is an international oil and gas exploration and production company with a... [read full story]                    

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