Expressions of Interest: Recapitalisation of ASX Listed Entity or Asset Transaction [Promoted]
Expressions of Interest
Recapitalisation of ASX Listed Entity or Asset Transaction
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Liquefied Natural Gas Limited (ASX: LNG) (Administrators Appointed) (the Company)
The Administrators are seeking expressions of interest for a recapitalisation of the Company or transactions in relation to its remaining assets.
The Company’s key asset is a 100% owned interest in Bear Head LNG, a proposed 8mtpa or greater LNG export terminal in Nova Scotia. The 327 acre site is located on the naturally deep waters of the Strait of Canso in Point Tupper, Richmond County, Nova Scotia. The project has obtained Canadian federal, provincial, and local regulatory approvals to construct a liquefied natural gas export facility. Bear Head LNG holds a perpetual licence to use Optimised Single Mixed Refrigerant (OSMR) technology.
Interested parties should contact Harrison Stanton of PwC Australia on harrison.stanton@pwc.com or +61 2 8266 3312. The deadline for expressions of interest is 5:00PM (AEST) Friday, 24 July 2020