looks set to fire up

AKW looks like it might be getting close to relisting, I would suggest people put it on their radar.

They announced yesterday they are now tied up with Vitol and have a Vitol member on the board.

Vitol has turnover of US $190 Bill a year.

Hmmm...watch and wait, something big is gonna happen here


ARTURUS CAPITAL AND VITOL ANNOUNCE STRATEGIC ALLIANCE
ARTURUS COMPLETES AUD$6.425 MILLION NOTE PLACEMENT
Arturus Capital Limited (“Arturus Capital”), a general investment company which currently holds
interests in mining and gas projects, today announced it had agreed a strategic alliance with Vitol,
Inc. (“Vitol”), a leading international energy trading company.
The strategic alliance will enable Arturus Capital and Vitol to work together to identify investment
opportunities in the oil and gas sector for Arturus Capital.
Arturus Capital and Vitol have already identified a number of opportunities, and the parties
believe there is the potential for one of those opportunities to be advanced significantly in the
near term.
A joint working committee comprising Arturus Capital and Vitol executives will be formed to
evaluate opportunities and coordinate the parties’ efforts.
Michael J. Bertuccio, of Vitol, has been a director of Arturus Capital since September this year.
Mr Bellman said, “We are delighted to form this strategic partnership with Vitol, and we welcome
the opportunity to benefit from their extensive contacts and market intelligence as we seek to
build our investment pipeline. This alliance builds on our existing strong relationship with Vitol.”
The strategic alliance is intended to run for an initial term of one year, unless terminated earlier in
accordance with its terms.
Arturus Capital also announces that it has raised AUD$6.425 million through a private placement
of 25.7 million redeemable unsecured notes with a face value of AUD$0.25 per note to
sophisticated and professional investors. The notes have a term of three years, subject to early
redemption at the election of the company. The funds raised will be applied towards
opportunities developed in conjunction with Vitol under the strategic alliance announced today
and for general working capital requirements.
Subject to obtaining shareholder approval under Listing Rule 7.1 of the ASX Listing Rules, Arturus
has agreed to grant each investor two options for each redeemable note issued to the investor.
Each option will be in respect of one ordinary share in Arturus Capital and will have an exercise
price of AUD$0.35 and an exercise period of three years from their date of issue.
For further details please contact: