Nov 14 (Reuters) - Mitchell Services Ltd MSV.AX :
* ANNOUNCES ACQUISITION OF DEEPCORE DRILLING
* ACQUISITION IMPLIES AN ENTERPRISE VALUE FOR DEEPCORE DRILLING OF $44 MILLION
* ACQUISITION IS EXPECTED TO BE 38.5% EPS ACCRETIVE
* DEAL FOR $15 MILLION CASH AND 250 MILLION FULLY PAID ORDINARY MITCHELL SERVICES SHARES AT AN AGREED ISSUE PRICE OF $0.068 PER SHARE
* ANTICIPATES BOTH FY20 REVENUE AND EBITDA TO BE IMPROVED ON ITS FY19 RESULTS
* DEEPCORE DRILLING IS FORECASTED TO DELIVER A CIRCA 50% INCREASE IN REVENUE FROM FY19 AT AN IMPROVED EBITDA OF $12.5 MILLION