CVI are positioning themselves to be one of the MAJOR players in ANGOLA for obvious reasons...these assets are tightly held because of the potential and other more experienced companies have beeen shut out....CVI are on the right track to secure a major power play in this region...cheers JAM
CityView’s rights in Cameroon
CityView has acquired the right to purchase 100% of Petro Energy Africa Ltd.
Petro Energy owns 57% of Turnberry Resources who hold 70% of Matanda PH72.
Upon settlement CityView will pay US$4.5m + 40 m CityView shares.
In the event of settlement not taking place to the mutual satisfaction of the parties, CityView will exchange its rights for other assets in Cameroon.
CVI Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held