Primeline Signs to Merge With Loyz Energy to Create Pan-Asia/Pacific Oil and Gas Company
HONG KONG, CHINA--(June 9, 2015) - Not for distribution to the U.S. news wires services, or dissemination in the United States.
Primeline Energy Holdings Inc. ("Primeline"(TSX VENTURE:PEH) today announces that it has signed a memorandum of understanding ("MOU") to merge with Loyz Energy Limited ("Loyz").
The merger will result in the creation of an ambitious pan-Asia/Pacific oil and gas company, listed on the Catalist board of the Singapore Stock Exchange (the "SGX") with significant production, cash flow and exploration upside in which existing Primeline shareholders will have the controlling position.
- Published: 09 June 2015
- Written by Editor