Magellan Petroleum股東批準戰略外匯交易

Magellan Petroleum Corporation (NASDAQ: MPET) today announced that its shareholders approved the previously announced strategic exchange transaction at the annual and special meeting of the shareholders held on July 13, 2016.

On July 13, 2016, the Company held an annual and special meeting of the shareholders of the Company during which meeting the shareholders approved the exchange and the other transactions contemplated by the Exchange Agreement dated as of March 31, 2016, between Magellan and One Stone Holdings II LP.

J. Thomas Wilson, President and CEO of the Company, commented:’We are pleased that Magellan’s shareholders have approved the Exchange Agreement with One Stone, which paves the way to finalizing the strategic alternatives review process the Company is conducting. We are currently working with One Stone to obtain the remaining consents required to permit the closing of the exchange transaction, which we expect should occur toward the end of July 2016.’