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Provider: Thomson Reuters Stock Report
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Tellus Resources Ltd To Acquire PNC Aust Pty Ltd

Tuesday, 30 Apr 2013 02:04am EDT 

Tellus Resources Ltd (TLU) announced that it has signed a Share Sale and Purchase Agreement (SPA) whereby TLU will acquire 100% of the private company PNC Aust Pty Ltd (PNC), which holds oil and gas assets in the Cooper and Surat Basin, subject to a number of conditions including shareholder approval. The consideration for the purchase of PNC will be 40M ordinary Tellus shares. 

Company Quote

-0.0030 -12.00%
17 Oct 2014