03:46 PM EST - Lysander Minerals Corporation : announced that it has entered into a conditional agreement with Xtract Energy plc of London, England under which it will acquire 35,000,000 shares in Elko Energy Inc., representing all of Xtract's 35-per-cent interest in Elko, in exchange for 35,000,000 common shares of Lysander and warrants entitling Xtract to subscribe for an additional 17,500,000 common shares of Lysander at an issue price of $0.20 per share exercisable for a period of three years. The agreement is subject to further due diligence, the completion of a definitive agreement and to regulatory, Board and shareholder approvals. Lysander Minerals Corporation
shares V.LYM are trading up $0.02 at $0.20.
