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From natural health products to oil investment

BIOPROSPECT will become the latest in a string of biotech companies to diversify into oil and gas when it takes a 75% stake in unlisted explorer Frontier Gasfields.

James McGrath

Under a heads of agreement signed recently, biotechnology company BioProspect will subscribe for $1 million of new shares in Frontier for a 25% stake, with an option to acquire an extra 50% in two tranches...

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