Dec 5 (Reuters) - Mission Newenergy Ltd (MBT)
- Mission newenergy ltd - mission to make material acquisition-mbt.ax
- Entered into a heads of agreement to acquire business operations of AUS Group
- Mission newenergy ltd - acquisition anticipated to be $12 million in cash and number of shares equaling 47.5% of mbt post capital raising
- Mission newenergy- transaction constitutes a reverse takeover and it is expected that mbt shareholders shall be diluted by approximately 90%.
- Mission newenergy ltd - to fund acquisition mission will raise approximately $17 million through issue of new shares
