Dart Energy Limited (ASX:DTE) Announce Early Acquisition Of Composite Energy Limited
Global coal seam gas company Dart Energy Limited (ASX:DTE) is pleased to announce that it has agreed to acquire the 90% of Composite Energy Limited ("Composite") that it does not already own for approximately US$46.7 million. The consideration will be satisfied by way of issue of approximately 35.9 million new Dart shares to the current shareholders of Composite and the issue of approximately 5.6 million new Dart-J Class options to existing Composite optionholders.