🔴 Greenland Energy is trading 10.4% down today amid proposed £61.48 million all-share 80 Mile acquisition

Greenland Energy is trading at $1.17 (-10.38%) after announcing proposed all-share terms to acquire the remaining 95.58% of 80 Mile for approximately £61.48 million.

• The proposal would issue 0.01108 new shares for each 80 Mile share, creating potential dilution.
• Completion remains subject to due diligence and other conditions.
• The stock has fallen from $1.40 on August 28 to $1.17.