Feb 13 (Reuters) - Magnum Gas & Power Ltd MPE.AX
* Agreement to purchase 100% of issued capital of Bombora Natural Energy Pty Ltd
* Further financing initiatives to be considered
* Acquire Bombora on basis of 60 MPE shares for each Bombora share, issung 2.4 billion shares at MPE price of $0.001 per share
* John Begg will be invited to join board of MPE as executive chairman
* Nathan Featherby current executive chairman of company, will transition to position of non- executive director Source text for Eikon: ID:nASX3RCCtQ Further company coverage: MPE.AX