Nov 1 (Reuters) - Black Star Petroleum Ltd (BSP) :
- EXECUTED A SHARE SALE AND PURCHASE AGREEMENT TO ACQUIRE ALL SHARES IN WESI PEL512 PTY LTD
- WESI PLANS TO RAISE SEED CAPITAL OF A$3.5M TO FUND INITIAL ACQUISITION
- FOR DEAL CO PROPOSES TO RAISE A MINIMUM OF A$35M TO A$37 MILLION BY ISSUING SHARES AT $0.40 PER SHARE
- WESI SEEKS TO ACQUIRE SIGNIFICANT INTERESTS IN ONSHORE ASSETS VIA FARMIN AGREEMENTS
- FARMOUT AGREEMENT ENTERED INTO BETWEEN WESI AND DISCOVERY ENERGY CORP AND DISCOVERY ENERGY SA
- BLACK STAR PETROLEUM-UNDER FARMOUT DEAL, WESI WILL ACQUIRE 50% DIRECT INTEREST & BE APPOINTED CONTRACT OPERATOR OF PEL 512 SOUTH BLOCK IN COOPER BASIN
