Sundance will take New Standard's Colorado County and Atascosa projects in the US and its interest in PEL 570 in the Cooper basin for a total consideration of roughly A$24 million (US$18.3 million).
This will be made up of 6 million Sundance shares, valued at roughly A$3.2 million, while Sundance will also take on all debt and liabilities associated with the Atascosa project which amount to US$16 million.
Sundance
