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News: DHR Lakes Oil updates on acquisition of Navgas

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    28/11/16
    09:54
    Post #: 20926049

    Nov 28 (Reuters) - Lakes Oil Nl (LKO) -

    • Acquisition of Navgas
    • Consideration for purchase will be issue to vendors of 9.6 billion shares in company
    • Company has entered into a conditional underwriting agreement with DGR Global Limited
    • DGR will provide a $1.5 million underwriting for a capital raising by rights issue of shares in the company
    • Underwriting agreement to provide funds for ongoing company activities, including exploration of Navgas Acreage
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