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Antrim closes Argentina sale
Posted 29.05.2012 08:16:47 av John Bradbury
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North Sea operator Antrim Energy has closed a deal to sell off assets in South America.

Antrim previously disclosed its decision to sell off licences in Argentina to Crown Point Energy and today the company said the deal has been backed by special shareholders meeting which voted 99.78% in favour of the moves.

Under the terms of the deal, Antrim receives $9.246 million (Cdn $10.3 m) in cash plus 35.761 million Crown Point shares for its Argentinia operations, held through Antrim Argentina SA which included assets in Tierra del Fuego and Cerro Los Leones.
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