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Sound Oil plc Announces Acquisition Of Further Shares In Consul Oil & Gas
Sound Oil plc announced that it has compulsorily acquired the remaining 2% of the ordinary shares in its subsidiary Consul Oil & Gas Limited (Consul) which is now wholly owned. Consideration for the acquisition has been satisfied by the issue of 5,555,555 new ordinary shares of GBO0.001 each in Sound Oil and the payment of a cash sum of $46,667, being the same terms and conditions under which the other Consul shares were acquired by the Company earlier this year.
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