Brief: Whitebark Energy To Buy King Energy
Dec 20 (Reuters) - Whitebark Energy WBE.AX :
* ENTERED INTO A BID IMPLEMENTATION AGREEMENT TO ACQUIRE
KING
ENERGY
* WILL ISSUE 100 MILLION NEW WHITEBARK SHARES AT A$0.012 PER
SHARE
* IMPLIED VALUE OF ACQUISITION IS AUD$1.7 MILLION
Further company coverage: WBE.AX
((Reuters.Briefs@thomsonreuters.com;))