(MENAFN- ProactiveInvestors - Australia) World Oil Resources (ASX: WLR) has advised shareholders to take no action in regard to the A$5 million conditional, off-market cash takeover offer from Holdrey Pty Ltd.
It said it had not being advised of the date it will receive a bidder's statement and offer document though Holdrey is required to do within two months.
Holdrey had made the $0.013 per share offer this morning.
The company is the trustee for the Don Mathieson Family Trust and owns equity interests in many listed and unlisted entities, including those that have oil and gas interests in Australia and the U.S.
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