OphiraVencap Proposes to Buy North Sea Energy's Assets

OphiraVencap signed a Letter of Intent with North Sea Energy, an arm's length party, for the potential acquisition of all the issued and outstanding shares of NORTH SEA whether directly, by way of three cornered amalgamation, or by merger (any of the foregoing, a "Business Combination") such Business Combination to constitute the Qualifying Transaction, as such term is defined in the Policy 2.4 of the TSXV, of OPHIRA (the "QT").
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