Brief: Cub Energy increases ownership interest in KUBGAS up to 40 pct

Hemlo Mining

01/02/2016 12:30

Feb 1 (Reuters) - Cub Energy Inc  KUB.V : 
 * Executes agreement to increase ownership interest in KUBGAS up to 40% in 
   return for revocation of right of first refusal notice 
 * Gastek revoked its notice to exercise right of first refusal to purchase the 
   remaining 70% of kubgas holdings held by serinus energy inc 
 * Says in return for the revocation notice, gastek can earn up to an additional 
   10% ownership interest in kubgas 
 
* Source text for Eikon  ID:nCCN5zWzQJ  
 
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