Business News • MarketWire • Visionaire Invest AS: Acquisition of Common Shares of Continental Energy Corporation |
Visionaire Invest AS: Acquisition of Common Shares of Continental Energy Corporation |
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Visionaire Invest AS: Acquisition of Common Shares of Continental Energy Corporation
HORTEN, NORWAY--(Marketwired - May 16, 2014) - In June 2013, Visionaire Invest AS ("Visionaire"), the head office of which is located at Nedre vei, Karljohansvern, Horten, Norway 3186, acquired (the "Acquisition") 20,000,000 common shares (the "Shares") in the capital of Continental Energy Corporation (the "Company"). The Shares represent approximately 16.2% of the currently issued and outstanding common shares of the Company (the "Common Shares"). In exchange for the issuance of the Shares at a deemed price of approximately $0.045 per Share, the Company acquired 51% of the issued and outstanding shares of Visionaire Energy AS. Immediately following the Acquisition, Visionaire beneficially owned 20,000,000 Shares representing approximately 16.3% of the then issued and outstanding Common Shares of the Company.
View More : http://www.marketwired.com/mw/release.do?id=1911451&sourceType=3
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