Caspi Oil Gas LLP and Liberty Resources Acquisition Corp. modify the consideration of their letter of acquisition
Kuala Lumpur, Malaysia – November 22, 2022 – Caspi Oil Gas LLP (“Caspi” or “the Company”) and Liberty Resources Acquisition Corp. (NASDAQ: LIBY, LIBYU, LIBYW) (“Liberty”), a special purpose acquisition company, today announced that they have amended their acquisition Letter with a Fourth Amendment raising the transaction consideration to 463, $7 million and extending the due diligence period and exclusivity period to December 15, 2022.
The additional consideration will be paid in the form of a new series of preferred shares which will be redeemable by Liberty at any time for (i) cash in the amount of $36 million, (ii) non-cash products such as gas sold up to the value to be determined by Liberty and Markmore or (iii) a combination thereof.
Caution Regarding Forward-Looking Statement
This press release contains statements that constitute “forward-looking statements”, including with respect to the proposed initial public offering and the expected use of net proceeds. No guarantee can be given that the offer described above will be carried out on the terms described, or not at all, or that the net proceeds of the offer will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the Risk Factors section of the Company’s registration statement and the Company’s filed preliminary offering prospectus. with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Garry Richard Stein
Liberty Resources Acquisition Corp.
Liberty Resources Acquisition Corp. published this content on November 25, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Nov 25, 2022 11:03:09 AM UTC.