High Peak Royalties Limited Announces Details of Finance Facility; Jarrod White Resigns as Director and Chief Financial Officer
High Peak Royalties Limited announced that it has executed a share purchase and sale agreement with Planet Gas Limited (PGS) to acquire a portfolio of USA oil and gas royalties from PGS via the purchase of all shares of PGS subsidiary Planet Gas USA Inc. In conjunction with the acquisition, the Board has reviewed its operational requirements as it moves to a period of increased activity. To assist in the increased financial and operational requirements of the Company, Jarrod White has resigned as a Director of the Company and the role of Chief Financial Officer has been formally reinstated. This decision will provide the Company with further resourcing and strengthens the Corporate Governance separation of Board and executive roles.