BRIEF-Renu Energy Announces Acquisition Of Janus Electric Limited

Reuters

02-19

BRIEF-Renu Energy Announces Acquisition Of Janus Electric Limited

Feb 19 (Reuters) - Renu Energy Ltd RNE.AX:

ACQUISITION OF JANUS ELECTRIC LIMITED
WILL ACQUIRE JANUS IN CONSIDERATION OF ISSUE OF 50 MILLION SHARES IN RENU ENERGY ON A POST CONSOLIDATION BASIS.
TO RAISE BETWEEN A$8 MILLION AND A$10 MILLION, AT AN ISSUE PRICE OF A$0.20 PER NEW SHARE
GREG WATSON PROPOSED TO ASSUME ROLE OF CFO

Further company coverage: RNE.AX

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

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