FEC Resources Brings Attention to Share Exchange Between PXP and Tidemark for Forum Shares

Rhea-AI Summary

FEC Resources (OTC PINK: FECOF) has announced that PXP Energy and Tidemark Holdings have conducted a share-for-share exchange involving shares of Forum Energy The full disclosure of this transaction is available on PXP Energy's website. FEC Resources is currently evaluating the potential impact of this transaction on its investment in Forum. The company urges shareholders to review the detailed disclosure for further insights.

Positive

• FEC Resources is proactively assessing the impact of the PXP-Tidemark share exchange on its investment.
• The transaction demonstrates active interest and investment activities in Forum Energy

Negative

• Uncertainty regarding the impact on FEC Resources' investment in Forum Energy could introduce volatility.
• The need for an assessment implies potential risks or changes in the carrying value of FEC's investment.

Vancouver, British Columbia--(Newsfile Corp. - May 27, 2024) - FEC RESOURCES INC. (OTC PINK: FECOF) ("FEC" or the "Company") has noted the disclosure made by PXP Energy Corporation with respect to a share for share exchange with Tidemark Holdings Limited for shares of Forum Energy Limited ("Forum").

Shareholders are encouraged to review the disclosure which can be found at the following link:

https://www.pxpenergy.com.ph/company-disclosure/other-disclosure/may-21-2024/

The Company is currently assessing the impact, if any, of the transaction on the carrying value of FEC's investment in Forum.

On behalf of the Board of,

FEC Resources Inc.

Daniel Carlos
Director and Chief Executive Officer

For more information please e-mail info@FECResources.com or visit the FEC Resources website at www.fecresources.com.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210682

FAQ

What is the recent share exchange involving PXP Energy and Tidemark Holdings about?

PXP Energy and Tidemark Holdings have conducted a share-for-share exchange involving shares of Forum Energy

How will the share exchange between PXP and Tidemark affect FEC Resources (FECOF)?

FEC Resources is currently assessing the potential impact of the PXP-Tidemark share exchange on its investment in Forum Energy.

Where can I find more details about the PXP and Tidemark share exchange?

More details about the share exchange can be found on PXP Energy's website under their May 21, 2024 disclosure.

What is the stock symbol for FEC Resources involved in this announcement?

The stock symbol for FEC Resources involved in this announcement is FECOF.