GLX gulfx ltd

Sorry, correct spelling is Pearce ... They have just taken...

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    Sorry, correct spelling is Pearce ... They have just taken controle of GLX ... see below

    cheers

    Perth dealmakers Ian Middlemas and Mark Pearce have taken board positions at West Perth-based oil and gas explorer Gulfx Ltd after backing a share placement.

    Mr Middlemas has been appointed chair of the company, with Mr Pearce taking on the role of company secretary as well as a non-executive director's role.

    Gulfx, formerly New Horizon Energy Ltd, will make a placement of 50 million shares at 4 cents each to raise $2 million, with a free attaching option exerciseable at 8 cents.

    Mr Middlemas' company Arredo Pty Ltd will be the largest subscriber to the deal.
 
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Currently unlisted public company.

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