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Magellan Petroleum Corporation Enters Into An Investment Agreement With Yep In Relation To Evans Shoal

By TechAgreements

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The second PIPE agreement between YEP and the Company announced on August 9, 2010 has been amended so that the PIPE transaction will close and the Company will receive $15.6 million of proceeds, in the event that MPAL does not complete the acquisition of the Evans Shoal field and as a result forfeits the additional A$10 million deposit made towards the purchase price of the Evans Shoal interest...

Full post as published by TechAgreements on February 18, 2011 (boomark / email).

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