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Amerisur Resources Issues Shares To Cover Platino Consideration (ALLISS)

Wed, 16th Mar 2016 09:53

LONDON (Alliance News) - Amerisur Resources PLC on Wednesday said it has issued shares to cover consideration on Platino Energy (Barbados) Ltd.

Amerisur agreed to acquire Platino in January for USD7.0 million in shares.

After finalisation of Platino's balance sheet, Amerisur said a further USD590,000 in shares has been paid to COG Energy, the seller of Platino, to cover non-cash assets held by Platino.

Amerisur has issued 1.6 million shares to cover the consideration.

Amerisur shares were up 1.0% to 25.25 pence on Wednesday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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