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Portal Amends Acquisition Terms on Saskatchewan Oil and Gas Asset Purchase
Dec. 20, 2011 02:16PM PST
Resource Investing News Portal Resources Ltd. (TSXV:PDO) has amended its proposed acquisition of oil and gas production assets in West Central Saskatchewan.
Portal Resources Ltd. (TSXV:PDO) has amended its proposed acquisition terms of oil and gas production assets in West Central Saskatchewan.
As quoted in the press release:
Changes to the Purchase and Sale Agreement (P&SA) consist of the following: i) the purchase price will now be $8.3 million (previously $9.1 million); ii) the seller will be issued $300,000 of common shares of the Company at $0.11 per share as a portion of the purchase price;
Click here to read the Portal Resources Ltd. (TSXV:PDO) press release.
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