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BRIEF-Talon Petroleum Says Co Agrees To Acquire Encounter Oil Ltd

Published 31/01/2019, 10:23 am
© Reuters.  BRIEF-Talon Petroleum Says Co Agrees To Acquire Encounter Oil Ltd
TPD
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Jan 31 (Reuters) - Talon Petroleum Ltd TPD.AX :

* TALON AGREES TO ACQUIRE ENCOUNTER OIL LIMITED

* CO HAS ENTERED INTO BINDING HEADS OF AGREEMENT FOR PURCHASE OF 100% OF SHARES IN ENCOUNTER OIL LTD

* CO TO RAISE $1.25 MILLION IN A HEAVILY-OVERSUBSCRIBED PLACEMENT TO SOPHISTICATED INVESTORS

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