BRIEF-Mitra to acquire 100% interest in Stag Oilfield
July 26 (Reuters) - Mitra Energy Inc :
* Mitra has identified various cost reduction measures to continue to lower operating costs for Stag Oilfield
* Proposed acquisition will be effective from 1 July 2016, resulting in an immediately cash-generating asset for Mitra
* Mitra to acquire 100% interest in Stag Oilfield
* Deal for total cash consideration of US$10 million plus adjustments
* Says will be conducting a private placement to raise a total of up to C$65 million (approximately US$50 million) Source text for Eikon: Further company coverage:
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