12:15 PM EST - Sonde Resources Corp. : announced today that it has reached an agreement with Niko Resources Ltd., under which Niko will acquire Sonde's interest in Block 5(c), located off the east coast of Trinidad and Tobago, for an aggregate purchase price of $87.54 million U.S. The purchase price is to be satisfied at closing via $75.5 million U.S., and the assumption of Sonde's liability up to $12.04 million U.S. under the performance guarantee provided for the Block MG Exploration and Production (Public Petroleum Rights) license in Trinidad and Tobago, which will be assigned to Niko at closing for nominal consideration. Sonde Resources Corp.
shares T.SOQ are trading up $0.31 at $3.36.
