KFG Resources selling Shamrock for $1.7-milliThis should put this company in a better position to carry out there activities...
The TSX Venture Exchange has accepted for filing a stock purchase agreement dated July 6, 2005, between KFG Petroleum Corp. and SAM Investment Corp. pursuant to which SAM may acquire 100 per cent of the issued and outstanding shares of the company's wholly owned subsidiary, Shamrock Drilling Co.
The total consideration payable to the company is $1.7-million (U.S.) in cash.