BRIEF-Triangle Energy (Global) To Spin-Out Philippines Assets

Reuters

Mar 17

March 17 (Reuters) - Triangle Energy (Global) Ltd TEG.AX:

TO SPIN-OUT PHILIPPINES ASSETS
INTENDS TO SPIN-OUT ITS UNIT, TETRAGON ENERGY
TRIANGLE WILL CONTRIBUTE A$1.5 MILLION OF SEED CAPITAL
TETRAGON WILL UNDERTAKE IPO TO RAISE FURTHER MINIMUM OF A$4 MILLION AT ISSUE PRICE OF A$0.20 PER TETRAGON SHARE

Further company coverage: TEG.AX

((Reuters.Briefs@thomsonreuters.com;))

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