Resolute Resources Ltd. (TSE:RRL) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Resolute Resources Ltd. has agreed to sell its primary subsidiary, which holds all of its operating oil and gas assets, for $75,000 to a private buyer. The sale also transfers all related liabilities and is contingent on shareholder and regulatory approvals. Post-sale, the company plans to seek new acquisition or merger opportunities to enhance shareholder value.
For further insights into TSE:RRL stock, check out TipRanks’ Stock Analysis page.
