Brief: Bayshore Petroleum announces Binding Letter of Intent to merge with E-T Energy
09/12/2015 17:14
Dec 9 (Reuters) - Bayshore Petroleum Corp BSH.V : * Announces Binding Letter of Intent to merge and jointly develop Athabasca Oilsands property produce commercial diesel using new technologies * Deal for C$35 million * Shareholders of ET will be offered maximum of 175 million new Bayshore shares at $0.20 per Bayshore share * Entered arms-length Binding Letter of Intent dated December 7, 2015, with E-T Energy Ltd * Source text for Eikon ID:nCCN5GMGQZ * Further company coverage BSH.V ((Bengaluru Newsroom; +1 646 223 8780))
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