12:17 PM EST - Niko Resources Ltd. : announced today that it has reached an agreement with Sonde Resources Corp. under which Niko will acquire Sonde's 25% interest in Block 5(c), located 94 kilometres off the east coast of Trinidad. The transaction is to be satisfied at closing via $75.5 million U.S. in cash, and the assumption of Sonde's liability under the performance guarantee provided for their Block MG license. Niko Resources Ltd.
shares T.NKO are trading down $0.31 at $103.00.
