Brief: PMI Resources Ltd announces proposed acquisition of Pentanova Energy Corp

NG Energy International

25/01/2017 14:00

Jan 25 (Reuters) - PMI Resources Ltd  PMI.V :  
    * PMI Resources Ltd announces proposed acquisition of 
Pentanova Energy Corp  
    * PMI Resources-letter agreement with Pentanova Energy for 
Reverse takeover deal; deal proposes to acquire shares in 
Pentanova in exchange for shares of co 
    * Pmi Resources - Pentanova proposes to complete private 
placement of up to C$45 million of subscription receipts at 
price of C$0.50/subscription receipt 
 
Source text for Eikon:  ID:nCNWnw28Ma  
Further company coverage:  PMI.V  
 
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