Greenland Energy Announces Acquisition of 80 Mile plc
Fossil Fuel
Acquisition
Merger:
Mar 26, 2026
Industry:
DRILLING OIL & GAS WELLS
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Greenland Energy Announces Recommended Acquisition of 80 Mile
DENVER, USA - Greenland Energy Company (NASDAQ: GLND) announced an agreement for a recommended all-share acquisition of 80 Mile plc (AIM: 80M) to consolidate 100 percent ownership of the Jameson Land Basin licenses.
Transaction Details
- Exchange Ratio: 80 Mile shareholders will receive 0.0079485 newly issued Greenland Energy shares for each share held.
- Valuation: Values each 80 Mile share at 1.28 pence, representing an approximately 71 percent premium to the closing price on September 7, 2026.
- Ownership: Upon completion, Greenland Energy and 80 Mile shareholders will each own approximately 50 percent of the combined company.
The combination brings together the Jameson Land Basin project under common ownership, creating a Nasdaq-listed energy and critical minerals company with a stronger financial position and enhanced capital access.
About Greenland Energy Co
Greenland Energy Company is an exploration stage oil and gas company focused on responsibly exploring and seeking to develop Greenland’s hydrocarbon resources, with an emphasis on the Jameson Land Basin in East Greenland. The Company’s primary mission is to unlock the frontier hydrocarbon potential of the Jameson Land Basin, an approximately 2 million acre onshore licensed area, through the application of modern exploration technologies. The Company is advancing preparations for future exploration activity in the region. For more information, please visit www.GreenlandEnergyCo.com.
