| Unconditional Acquisition |
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| Thursday, 30 October 2008 | |
| Panax Geothermal Ltd declared its proposed acquisition of Osiris Energy Ltd unconditional. Originally, the merger was conditional upon PAX raising a minimum of $20 million for development funding. The proposed merger remains subject to approval by the PAX shareholders. |
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Newsflash
| Eden Energy has released a quarterly report. In spite of EDE’s funding dramas, it still plans to demonstrate Inferred Geothermal Resources in up to five of its geothermal plays by the end of 2010. EDE also announced on the same day that the sale of ‘HyRadix’, ‘Eden Cryogenics’ and ‘CTS’ should be settled in early January. |
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