Brief: Phoenix Canada Oil Company announces new strategic direction

Zyus Life Sciences

16/11/2016 13:07

Nov 16 (Reuters) - Phoenix Canada Oil Co Ltd  PCO.V  
    * Phoenix Canada Oil Company announces new strategic 
direction 
    * Phoenix Canada Oil Co currently evaluating acquisition 
targets that would generate additional shareholder value through 
purchase of operating assets 
    * Phoenix Canada Oil Co says formation of a working group of 
board to evaluate potential operating assets and targets for 
acquisition 
    * Phoenix Canada Oil Co says board of directors has 
concluded that it will cease all further investments in early 
stage hydrogen production system 
 
Source text for Eikon:  ID:nCNWwzrzVa  
Further company coverage:  PCO.V  
 
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