news12 May 2014 09:05
As in The Times Saturday 10th May: Business Markets
Egdon Resources is to issue 40 million shares to buy 10 licenses from Alkane Energy, another AIM-quoted shale explorer. In the deal Alkane takes 21 per cent of Egdon, whose prospective acreage doubles, and a seat at the boardroom table.
Such a deal could be announced as early as next week.