Panax gets go-ahead to acquire Osiris

PANAX Geothermal's shareholders have given the green light to the acquisition of unlisted Melbourne-based geothermal company Osiris Energy.

Panax gets go-ahead to acquire Osiris Panax gets go-ahead to acquire Osiris Panax gets go-ahead to acquire Osiris Panax gets go-ahead to acquire Osiris Panax gets go-ahead to acquire Osiris

Under the agreement, Panax will issue Osiris shareholders more than 70 million Panax shares for 100% of Osiris's issued capital.

Osiris founder Ian Reid will become a director of Panax.

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