ZER zeta resources limited
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News: ZER Pan Pacific Petroleum to be acquired by Zeta Resources

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    13/06/17
    08:55
    Post #: 25236801

    June 13 (Reuters) - Pan Pacific Petroleum N L (PPP) -

    • Co & Zeta resources entered into scheme implementation agreement under which zeta will acquire all of issue share capital in co
    • Pan Pacific enters into scheme of arrangement
    • PPP Shareholders can elect to receive either $0.038 cash per PPP share or one Zeta share for every 10 PPP shares
    • Scheme values PPP at approximately $22.1 million
    • Independent directors of ppp unanimously recommend that ppp shareholders vote in favour of scheme
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