- Petro Matad said a share purchase and convertible securities deed with Bergen Global Opportunity Fund had been terminated by the parties by mutual consent.

As a result of the termination, no further funding would be provided to Petro Matad.

The Mongolia-focused company said it continued to assess its financing requirements and remained in active discussions with potential farm-in partners.

At 8:20am: [LON:MATD] Petro Matad Ltd share price was +1.63p at 8.13p

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