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Leni Gas Cuba moves step closer to completing reverse takeover

The application made in the BVI High Court for an order for the company to convene a meeting to vote on the scheme of arrangement has been successfully granted.

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The Cuba-focised investment company is listed on the ISDX market in the UK

The proposed reverse takeover of Knowlton Capital by Cuba-focused investment company Leni Gas Cuba Limited (ISDX:CUBA) has moved another step closer.

The application made in the British Virgin Islands High Court on 8 June 2016 for an order for the company to convene a meeting to vote on the scheme of arrangement has been successfully granted.

A further announcement will be made shortly confirming the posting of a circular containing: the scheme document setting out the terms of the transaction, a notice convening the court ordered shareholders meeting, a detailed timetable and certain financial and other information on the company, together with instructions on how to vote on the scheme of arrangement.

Details of the planned takeover, which will see Leni Gas Cuba’s shares listed in Toronto, can be found here.

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