AUSTRALIA

Marathon reverse takeover approved

SHAREHOLDERS in former minerals explorer Marathon Resources have approved the company's change of direction into the world of in-situ gasification – underground coal gasification as it is more widely known – once the company resumes trading on the Australian Securities Exchange.

Marathon reverse takeover approved

Marathon has been working on the deal since October, when Allied Resource Partners' ARP TriEnergy became its largest shareholder after it acquired 19.99% of the company formerly held by Bentley Capital....

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