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Indus Energy inks agreement to acquire New Era Oil & Gas

JUNIOR Australian explorer Indus Energy will acquire South Australian independent New Era Oil and Gas, under a new share sales agreement signed today.

Paul Hunt
Indus Energy inks agreement to acquire New Era Oil & Gas

  Under the reverse takeover, Indus will issue 100 million shares to New Era shareholders in consideration for the acquisition of New Era, and a further 135 million options to New Era majority shareholders. ...

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