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WestSide Corporation Limited
ASX:WCL ISIN:AU000000WCL0
News
WestSide Corporation Limited (ASX:WCL) (OTCMKTS:WBRIF) announces a number of changes to the Company's Board following the recent successful takeover by Landbridge Energy Australia Pty Ltd.
WestSide Corporation Limited (ASX:WCL) (OTCMKTS:WBRIF) Quarterly Activities Report for the period ending June 2014, including the Landbridge Takeover, overview and outlook as well as sales for the period.
WestSide Corporation Limited (ASX:WCL) (OTCMKTS:WBRIF) Reluctantly Recommends Shareholders Accept the Landbridge Offer
WestSide Corporation Limited (ASX:WCL) (OTCMKTS:WBRIF) advises ASX that the WestSide Board has exercised its discretion in accordance with the WestSide Employee Performance Rights Plan to vest all outstanding Employee Performance Rights and release holding locks on all unquoted employee shares. WestSide will apply to ASX for the quotation of these Ordinary Shares.
WestSide Corporation Limited (ASX:WCL) (OTCMKTS:WBRIF) refers to the announcement on 4 July 2014 by Landbridge Energy Australia Pty Ltd that it now has a relevant interest of 31.04% in WestSide. WestSide understands that this most recent increase in Landbridge's shareholding is, in part, a result of its acquisition of WestSide shares from WestSide's second largest shareholder, New Hope Corporation.
WestSide Corporation Limited (ASX:WCL) (OTCMKTS:WBRIF) advises that the first new lateral production well in the current Phase 1 well program has been successfully drilled at the Meridian gas field and is expected to be on line by the end of July.
In accordance with Listing Rule 3.10.7, WestSide Corporation Limited (ASX:WCL) (OTCMKTS:WBRIF) wishes to advise that 1,700,000 Employee Performance Rights held by WestSide's Managing Director's nominee automatically became exercisable as a result of Landbridge Energy Australia Pty Ltd declaring its off-market takeover bid for WestSide unconditional.
WestSide Corporation Limited (ASX:WCL) (OTCMKTS:WBRIF) has today received notification that Landbridge Group Co., Ltd has declared its offer unconditional and offer price final (in the absence of a higher offer).
WestSide Corporation Limited (ASX:WCL) (OTCMKTS:WBRIF) is assessing funding proposals and indicative term sheets received from several potential lenders to finance an expansion of the Meridian gas field near Moura in central Queensland.
Chairman from Westside Corporation Limited (ASX:WCL) (OTCMKTS:WBRIF) provides an announcement regarding the extension of Landbridge's takeover offer.
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