BRIEF-Petrogrand enters into an agreement regarding an investment in Russia
March 13(Reuters) - Petrogrand AB :
* Sonoyta Limited signed on Friday a Share Subscription Agreement regarding the subscription for newly issued 49 per cent of the shares and votes in Ripiano Holdings Ltd from Cyprus
* The subscription price for the shares and votes in Ripiano is $21,500,000
* Said significant part of the funds paid by Petrogrand for the shares and votes in Ripiano will be directly invested in the drilling of new development wells Source text for Eikon:
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