Thursday, May 10, 2012
Sky One
Sky One: Effective RTO, signs non-binding MOU to purchase Energy Prima for $400m by issuing 1.6b shares at $0.25. Energy Prima owns 50% of an Indonesian co in the business of coal mining. The issue is approx 83.6% of enlarged share cap of co. An additional 6.0% of enlarged share cap will be issued to Booma Invt and an indiv for a consultancy agr (appears to be a finder's fee). Co will also dispose of its existing business at a discount of 10% to NAV to its CEO and COO.
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