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CS - Oracle Energy plans to combine with methanol microbe maker - March 2020
Oracle Energy Corp. announced it will combine with Methanogenesis Corp. via a 1:1 share exchange after Oracle undergoes a 5:1 reverse split of its common shares. Oracle will acquire all of the more than 27.6 million common shares outstanding of Methano in a “fundamental acquisition” as defined by the TSX Venture Exchange. The transaction, for which an LOI was signed, is subject to Oracle completing a non-brokered private placement for proceeds that “when added......
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