GREY:RGVNF - Post by User
Post by
lucky5on Feb 17, 2011 9:31pm
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Post# 18155046
Eurogas/REV agree
Eurogas/REV agreeNEW YORK, NY--(Marketwire - 02/17/11) - EuroGas, Inc. (EuroGas) (Pinksheets:
EUGS -
News) (Frankfurt:
EUG -
News) (XETRA:
EUG -
News) (Hamburg: EUG) (Stuttgart:
EUG -
News) today announced that it has entered into an agreement to purchase the remaining 45% interest in McCallan Oil & Gas (U.K.) which it did not own from Regent Ventures Ltd in exchange for the issuance of 20,000,000 restricted common shares of EuroGas and two million additional shares of EuroGas. Once the acquisition is completed, which is expected by the end of February 2011, EuroGas will own 100% of the common stock of McCallan.