**Summary**
Falcon Oil & Gas Ltd. announced on March 12, 2026, that its shareholders overwhelmingly approved (99.76% of votes cast) a transaction with Tamboran Resources Corporation. The transaction, structured as a plan of arrangement, involves Falcon, Tamboran, and related entities. Shareholder approval met the required thresholds, including a two-thirds majority and a simple majority excluding certain votes under regulatory requirements (MI 61-101).
Completion of the transaction is contingent on several conditions, including court approval, NYSE listing authorization for Tamboran’s common stock, absence of legal prohibitions, no material adverse changes, and standard closing conditions. If finalized by March 16, 2026, Falcon’s shares will be suspended from trading on AIM on March 17 and delisted on March 18. However, the timeline is subject to all conditions being met, with no guarantees.
The transaction excludes votes from Falcon’s CEO and CFO due to their significant shareholdings, as per regulatory requirements. Further details are available on SEDAR+ and Falcon’s website. The company cautioned that forward-looking statements regarding the transaction involve risks, including regulatory approvals, integration challenges, and market conditions. Falcon operates in unconventional oil and gas exploration, with assets in Australia, South Africa, and Hungary.