Portal Amends Acquisition Terms on Saskatchewan Oil and Gas Asset Purchase

- December 20th, 2011

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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