BRIEF-MCW Energy Group to acquire controlling stake of E&P co

Mon Jul 4, 2016 4:37pm EDT
 
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July 4 (Reuters) - Press Release

* MCW Energy Group enters into agreement to acquire controlling stake of E&P company with extensive resource potential and licenses for enhanced oil recovery (EOR) technologies

* Will acquire 57.3% shares of Accord, in consideration for 59.7 million shares of co, warrants to purchase 2 million shares at $0.25 per share Source text for Eikon: Further company coverage: (Bengaluru newsroom)