Brief: Cadiz Amends Option Agreement With El Paso Natural Gas

Cadiz

27/12/2018 23:12

Dec 27 (Reuters) - Cadiz Inc  CDZI.O :
    * ON DECEMBER 27, 2018, ENTERED INTO AN AMENDMENT TO OPTION
AGREEMENT WITH EL PASO NATURAL GAS
    * OPTION AGREEMENT, AS AMENDED, ALLOWS CO TO BUY 120-MILE
PIPELINE
SEGMENT WITH INITIAL PAYMENT OF $2 MILLION PRIOR TO DECEMBER 31
    * OPTION AGREEMENT, AS AMENDED, ALLOWS CO TO BUY 120-MILE
PIPELINE
SEGMENT WITH SUBSEQUENT PAYMENT OF $18 MILLION
    * FOLLOWING AMENDMENT, CO EXERCISED OPTION FOR INITIAL
CONSIDERATION, ENTERED PURCHASE AGREEMENT FOR 120-MILE PIPELINE
- SEC FILING

Source text: (http://bit.ly/2Rnv1k0)
Further company coverage:  CDZI.O 

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