Greenland Energy agrees to acquire 80 Mile

• Greenland Energy agreed to acquire 80 Mile for approximately GBP 74 million on a fully diluted basis.
• 80 Mile shareholders would receive 0.0079485 newly issued common shares per share held, valuing each share at 1.28 pence.
• The offer represents a roughly 71% premium to 80 Mile's closing share price on September 7, 2026, before the offer period began.
• The combination would consolidate 100% ownership of Jameson Land Basin licenses; each company's shareholders would own approximately 50% of the combined business.
• 80 Mile secured access to a GBP 3 million unsecured convertible loan for interim funding; planned warrants for existing acquirer shareholders were dropped.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greenland Energy Company published the original content used to generate this news brief via PR Newswire (Ref. ID: 202611121545PR_NEWS_USPR_____LA96879) on November 12, 2026, and is solely responsible for the information contained therein.