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Daytona Energy Corp DYT Shares issued 2,154,508 as of 1999-12-23 close $0.10 Tuesday Dec 28 1999 Mr. John Tarrant reports Further to news in Stockwatch on Oct. 30, 1999, the company has received the approval of the Canadian Venture Exchange for the acquisition of all the shares of Flare Petroleum NL and, in consideration therewith, has issued 12 million shares of the company at a price of 15 cents per share in satisfaction of the acquisition price of $1.8-million (Canadian). The shares are subject to a hold period which expires on Dec. 22, 2000. Flare Petroleum NL has an interest in the following oil and gas exploration projects in Australia: Interest Permit (%) Location NSW/PEP/11 100 Offshore Sydney basin, NSW EP412 100 Offshore Carnarvon basin, WA AC/P-27 50 Vulcan subbasin, north west shelf, WA AC/P-25 100 Vulcan subbasin, north west shelf, WA | ||||||||||||
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