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BRIEF-Sino Excel Energy enters into reverse takeover agreement with Standard Privilege

Published 04/01/2016, 07:34 pm
Updated 04/01/2016, 07:40 pm
© Reuters.  BRIEF-Sino Excel Energy enters into reverse takeover agreement with Standard Privilege

Jan 4 (Reuters) - Sino-Excel Energy Ltd SLE.AX :

* Agreement SLE.AX

* Says entered into a reverse takeover agreement with Standard Privilege

Wealth Management Limited

* Says Standard Privilege has agreed to pay SLE a separate compensation of

A$500,000

* Says final purchase agreement will include a claw back of a specified number

of shares

* Says SW will nominate a minimum of 2 directors to the board within 7 business

days of the execution of the rto agreement

* Source text for Eikon ID:nASX8Vk2Fp

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