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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Asian Mineral Resources Ltd | TSXV:ASN | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.30 | 0.25 | 0.32 | 0 | 01:00:00 |
Decklar is a party to a Risk Service Agreement (“RSA”) with Millennium Oil & Gas Company Limited (“Millennium”). Millennium is the owner of the Oza Field located onshore in the northern part of Oil Mining License 11 in the Eastern Niger Delta of Nigeria. The RSA entitles Decklar to undertake work on the Oza Field and share in the distributable funds generated from production, after reimbursement of its costs.
The aggregate purchase price (the “Purchase Price”) is CDN$8,550,000, payable through the issuance of 30,000,000 common shares of the Company (“Shares”) based on a deemed value of CDN$0.285 per Share. Of the aggregate Purchase Price, 22,000,000 Shares are payable upon closing of the Acquisition with the balance of 8,000,000 Shares being payable only if the Oza Field achieves a minimum production rate within 12 months of closing.
For further information:
Paula Kember Chief Financial OfficerTelephone: (416) 360-3412
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
1 Year Asian Mineral Resources Chart |
1 Month Asian Mineral Resources Chart |
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