SLE sino-excel energy limited

June 1 (Reuters) - Sino-Excel Energy Ltd (SLE) : Acquisition -...

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    June 1 (Reuters) - Sino-Excel Energy Ltd (SLE) :

    • Acquisition - term sheet signed (SLE)
    • to acquire engineering equipment and services businesses in the upstream oil and gas industry
    • SLE is proposing to conduct a capital raising for a minimum amount of $3 million
    • Entered into a term sheet relating to the proposed acquisition (acquisition) of Solidgro Energy Sdn Bhd
    • Frank Licciardello has been appointed to the board as chairman
    • Proposed acquisition of Solidgro Energy Sdn Bhd, Color Ocean Energy Limited and Geopremium Sdn Bhd
 
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Currently unlisted public company.

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