Gina Rinehart-backed Lakes Oil and fellow ASX-listed junior Rawson Oil & Gas are tying the knot.
The $58 million Lakes Oil (ASX:LKO) has made an all-scrip off-market offer that values Rawson (ASX:RAW) at $3.75 million in its bid to advance towards production.
And Rawson, which currently has a market value of about $4 million, has recommended the bid of 15 Lakes Oil shares for every one of its shares to shareholders...
https://unauthorised investment adv...s-rawson-in-its-bid-to-become-a-gas-producer/
Lakes Oil woos Rawson in its bid to become a gas producer
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