Brief: Point Loma Resources to acquire a private oil and gas co

Centaurus Energy

22/12/2016 13:00

Dec 22 (Reuters) - Point Loma Resources Ltd  PLX.V  
    * Deal for consideration of 1.250 million common shares of 
point loma 
    * Acquisition is anticipated to close in january 2017 
    * Point Loma Resources Ltd - in a separate transaction, 
point loma has cancelled previous senior secured convertible 
debenture maturing on June 28, 2021 
    * Point Loma Resources Ltd - deal for purchase price of cdn. 
$500,000 paid with issuance of 1.25 common shares of point loma 
    * Point Loma Resources - cancellation of convertible 
debenture, issuance of new convertible debentures is result of 
sale by madalena to 2 independent parties 
    * Point Loma Resources - as result of the sale, principal 
amount owing by corporation under new convertible debentures has 
been reduced by cdn. $500,000 
    * Point Loma Resources announces agreement to acquire a 
private oil and gas company 
 
Source text for Eikon:  ID:nMKWJhmBNa  
Further company coverage:  PLX.V  
 
 ((Bangalore.newsroom@thomsonreuters.com;))