previous code was SOO
must be about Redback Teck 09 11 2105 announcement.
"Under the HoA it is proposed that Solco will acquire a 100% interest in RBIA by the issue of ordinary shares in Solco, plus the payment of US$200,000.
The acquisition is subject to successful completion of due diligence by Solco, expected to be finalised by the end of January 2016, and Solco shareholder approval by 1 March 2016"
"Under the agreement, Redback will be able to access UQ’s solar energy assets for testing and demonstration purposes"
RFX has their battery connected to the UQ solar panels and grid. So Redback should market to RFX if they have not already. Too much news to read through.
GOE Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
