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ACQUISITION OF HAPPY VALLEY MILK LIMITED


Longreach Oil Limited (“LGO”) is pleased to announce that it has entered into a conditional Share Purchase Agreement (“SPA”) to acquire 100% of the issued share capital of Happy Valley Milk Limited (“HVM”). (“Transaction”)
About Happy Valley Milk Limited.
HVM is a New Zealand based company that has land use consents from the Otorohanga District Council to establish and operate a fully integrated milk processing, blending and packaging plant on a site near Hamilton. Once built, HVM intends to specialize in consumer ready Infant Milk Formula (“IMF”) and other nutritional milk powder formulas using A2 and Organic milk. HVM’s site is located in one of New Zealand’s largest catchment areas of A2, organic, and pasture fed milk herds. The next step in the project development is to obtain Waikato Regional Council (“WRC”) water use and water discharge consents (which is a condition precedent to the Transaction).

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