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Labat Africa Ltd Announces Execution Of Letter Of Intent In Respect Of Proposed Acquisition


Monday, 20 May 2013 01:05am EDT 

Labat Africa Ltd announced with reference to the announcement made earlier, the Company now announced that Labat has signed a joint letter of intent with Amicitia Holdings Limited (Amicitia) for the purchase by Labat from Amicitia of all of the issued shares in Palantina Petroleum Limited (the Proposed Acquisition). The Proposed Acquisition, which will be subject to Palatina‚Äôs execution of various Petroleum Agreements, will result in Labat acquiring a majority participating interest in five Petroleum Exploration Blocks, Off-shore Namibia. 

Company Quote

10.0
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26 Mar 2015