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United States

Mission Newenergy Ltd (MBT.AX)

MBT.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Mission Newenergy enters into heads of agreement to acquire business operations of AUS Group
Monday, 5 Dec 2016 01:02am EST 

Mission Newenergy Ltd : Mission newenergy ltd - mission to make material acquisition-mbt.ax . Entered into a heads of agreement to acquire business operations of AUS Group . Mission newenergy ltd - acquisition anticipated to be $12 million in cash and number of shares equaling 47.5% of mbt post capital raising . Mission newenergy- transaction constitutes a reverse takeover and it is expected that mbt shareholders shall be diluted by approximately 90%. .Mission newenergy ltd - to fund acquisition mission will raise approximately $17 million through issue of new shares.  Full Article

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