Brief: New Stratus Energy Announces Proposed Acquisition, Private Placement Offering Of Subscription Receipts

New Stratus Energy

31/05/2018 18:28

May 31 (Reuters) - New Stratus Energy Inc  NSE.V :
    * NEW STRATUS ENERGY ANNOUNCES PROPOSED ACQUISITION AND
PRIVATE
PLACEMENT OFFERING OF SUBSCRIPTION RECEIPTS
    * SAYS ENTERED INTO A BINDING LOI TO ACQUIRE VETRA ENERGIA,
S.L.
FOR A BASE PURCHASE PRICE OF US$88.5 MILLION
    * SAYS TO BUY VETRA ENERGIA FOR BASE PURCHASE PRICE OF $88.5
MILLION
    * SAYS CO INTENDS TO COMPLETE BROKERED PRIVATE PLACEMENT OF
UP TO
C$130 MILLION OF SUBSCRIPTION RECEIPTS AT C$0.40 PER
SUBSCRIPTION RECEIPT

Source text for Eikon:  ID:nGNX2yCgNT 
Further company coverage:  NSE.V 

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