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Provider: Reuters Investment Profile
Provider: Wright Reports
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Adira Energy Ltd Announces Issue Of Common Shares Pelagic Investments Ltd

Wednesday, 3 Jul 2013 09:00am EDT 

Adira Energy Ltd announced that it has entered into an irrevocable and conditional subscription agreement for a non-brokered private placement of $5,000,000 with Pelagic Investments Limited (PI), which will result in PI acquiring approximately 50.4% of the issued and outstanding common shares of Adira on a non diluted basis. The acquisition of 50.4% of the Common Shares by PI will result in the creation of a new Control Person. 

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0.01 +22.22%
20 Apr 2015