International Petroleum signs binding agreements for sale of Russian and Kazakhstan assets for US$60 million
International Petroleum Limited (NSX: IOP) (“International Petroleum” or the “Company”) has entered into two binding conditional terms sheets (individually “Terms Sheet” or together “Terms Sheets”) with an unrelated company incorporated in Hong Kong (“Buyer”) to sell its assets in Kazakhstan (“Kazakhstan Assets”) and Russia (“Russian Assets”) for US$60 million. [extract] DYOR, AIMHO.
RRS Price at posting:
3.5¢ Sentiment: None Disclosure: Held
