Nickelore Ltd. is looking to exit the mining sector with the pending acquisition of two oil projects in Texas and Oklahoma.
The company said Dec. 1 that it will change its name following the completion of acquisition, which is scheduled for March 14, 2018.
The company will also look to raise between A$4.2 million and A$4.5 million by issuing shares at 2 Australian cents per share, and consolidate its securities on a 1-for-6 basis.
Nickelore owns a 100% interest in the Canegrass nickel-cobalt project in Western Australia.
