09:49 AM EST - Primeline Energy Holdings Inc. : has signed a memorandum of understanding to merge with Loyz Energy Limited. The merger will result in the creation of an ambitious pan-Asia/Pacific oil and gas company, listed on the Catalist board of the Singapore Stock Exchange with significant production, cash flow and exploration upside in which existing Primeline shareholders will have the controlling position. Primeline Energy Holdings Inc.
shares V.PEH are trading up $0.195 at $0.61.
