Aziana, which currently explores for gold and bauxite in Madagascar, said on Monday it had reached conditional agreement to acquire all of the shares and options in Australia-based Eternal Resources by means of an off-market all-scrip takeover.
On completion of the transaction, Aziana will acquire Eternal’s oil and gas assets in the Gulf of Mexico, which include a 60% working interest in the Sleeping Tiger project and a 10% stake in the Raging Bull oilfield and production well and platform.
The
