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MBT - Mission Newenergy News Story

A$0.036 0.0  0.0%

Last Trade - 26/10/16

Sector
Energy
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £90.0k
Position in Universe th / 1835

BRIEF-Mission Newenergy enters into heads of agreement to acquire business operations of AUS Group

Mon 5th December, 2016 6:02am
Dec 5 (Reuters) - Mission Newenergy Ltd  MBT.AX  
    * Mission newenergy ltd - mission to make material 
acquisition-mbt.ax 
    * Entered into a heads of agreement to acquire business 
operations of AUS Group 
    * Mission newenergy ltd - acquisition anticipated to be $12 
million in cash and number of shares equaling 47.5% of mbt post 
capital raising 
    * Mission newenergy- transaction constitutes a reverse 
takeover and it is expected that mbt shareholders shall be 
diluted by approximately 90%. 
    * Mission newenergy ltd - to fund acquisition mission will 
raise approximately $17 million through issue of new shares 
 
Source text for Eikon:  ID:nASX2XCPxF  
Further company coverage:  MBT.AX  
 
 ((bangalore.newsroom@thomsonreuters.com;))
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