News: SGC Raven Energy Agreed To Terms With Sacgasco To Divest Of Its Interest In Dempsey Project

Jan 22 (Reuters) - Raven Energy Ltd (REL) :

• AGREED TO TERMS WITH SACGASCO TO DIVEST OF ITS INTEREST IN DEMPSEY PROJECT, HELD VIA UNIT BOMBORA NATURAL ENERGY
• UNDER DIVESTMENT TERMS, SGC TO ISSUE 2 MILLION ORDINARY FULLY PAID SHARES TO CO, WHICH WILL BE SUBJECT TO 12- MONTH ESCROW
• PLANS SPP TO RAISE UP TO $1 MILLION AT $0.001 PER SHARE; PARTICIPANTS TO GET 1 FREE ATTACHING OPTION FOR EVERY 2 SHARES SUBSCRIBED FOR

Source text (http//reut.rs/2Uakg2x)

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