Greenvale Energy (ASX:GRV) said it completed the AU$250,000 sale of its 75% stake in the exploration permit 145 to London Stock Exchange-listed Mosman Oil & Gas, according to a Wednesday filing with the Australian bourse.
The proceeds from the sale, along with the receipt of a AU$1.2 million research and development rebate, will allow the company to proceed with test programs and explorations at its projects, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.