MHL 0.00% 0.3¢ monitor energy limited

mhl i am a sucker and you got me!

  1. 2,240 Posts.
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    This announcement was posted on the 10th/01.
    What a load of ______.In my view this is total deception. They led us on till the end.



    10 January 2011
    Mr Mauro Paccini
    ASX Limited
    2 The Esplanade
    PERTH WA 6000


    MONITOR "EXECUTES" TWO KEY AGREEMENTS AS PART OF ACQUISITION OF TRINIDAD OIL PRODUCTION ASSETS


    Key points:
    - Monitor Energy Limited has executed two key agreements as part of its proposed
    acquisition of up to a 90% interest in SOCA Petroleum Limited, a company which
    holds oil production licences in Trinidad and a major local drilling company
    (?Transaction?),
    - These agreements include:
    o A formal Share Purchase Agreement to acquire SOCA Petroleum Limited and
    the drilling company,
    o A mandate with major UK based broker Renaissance Capital to raise up to
    AUD$90 million, and
    - Notice of Meeting for Extraordinary General Meeting seeking approval for the
    Transaction, the capital raising and other associated resolutions is being finalised and
    expected to be dispatched to shareholders shortly.
 
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Currently unlisted public company.

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