Source - SMW
Sound Energy has agreed to sell its Italian assets to Saffron Energy, pending a share issue by Saffron to raise funds for working capital purposes.

The acquisition would involve the issue of 185,907,500 new ordinary shares of £0.001 each in the capital of Saffron to Sound Energy shareholders, Sound Energy said.

At 8:32am: (LON:SOU) Sound Energy PLC share price was -0.72p at 52.88p