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Caspian Oil & Gas Limited To Acquire Equus Resources Limited
Caspian Oil & Gas Limited announced that it has entered into a conditional agreement to acquire the Naltagua Copper Project in Chile by purchasing unlisted Australian company, Equus Resources Limited (Equus). The Naltagua Copper Project (Naltagua) is situated in Chile at an altitude of between 400 meters and 1,000 meters above sea level in the Coastal Range, 80 kilometer (km) by road south-west of Santiago and 75km by road south-east of the port city of San Antonio. The consideration for the purchase of Equus shares will comprise shares in Caspian (Consideration Shares), such that Equus shareholders will hold 45% of the share capital in Caspian following the completion of the transaction.
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