News and Announcements
Eternal Sources Limited Acquisition Update
- Published February 29, 2012 1:27AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
On 13 February 2012, Sprint Energy Resources Limited (“Sprint”) (ASX Code: SPS) announced that it has entered into an exclusive option agreement to acquire Eternal Resources Ltd (“Eternal”) and its entire production, appraisal and exploration asset portfolio in Louisiana, USA
Sprint has been in discussions with the ASX and as there are related party shareholders in Eternal, Chapter 10 of the Listing Rules will apply and therefore any necessary shareholder approvals will be sought by the company.
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