Source - SMW
Oracle Power has agreed to acquire the outstanding shares in Sindh Carbon Energy for a maximum payment of £3.6m.

An initial payment of £2.2m would be satisfied through the issuance of Oracle shares at 2.3p each. The rest would be contingent no financial close with potential Chinese partners.

At 9:14am: (LON:ORCP) Oracle Coalfields Plc share price was +0.01p at 1.38p

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