Brief: Kinetiko Energy Says Executes Binding Agreements To Acquire 100% Of Afro Energy

Kinetiko Energy

24/12/2021 01:02

Dec 24 (Reuters) - Kinetiko Energy Ltd  KKO.AX :
    * EXECUTES BINDING AGREEMENTS TO ACQUIRE 100% OF AFRO ENERGY
    * WILL ISSUE 598M SHARES TO BADIMO AS TOTAL CONSIDERATION
FOR
ACQUISITION
    * ON OR BEFORE COMPLETION OF MERGER KKO SHALL FACILITATE
SALE OF
A$6.5M OF CONSIDERATION SHARES TO THIRD PARTY INVESTORS

Source text for Eikon:  ID:nASX5vRgWL 
Further company coverage:  KKO.AX 

 ((Reuters.Briefs@thomsonreuters.com;))