Resolute Resources Ltd. Agrees to Asset Sale
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Resolute Resources Ltd. Agrees to Asset Sale

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Resolute Resources Ltd. (TSE:RRL) has released an update.

Resolute Resources Ltd. has agreed to sell its primary subsidiary, which holds all of its operating oil and gas assets, for $75,000 to a private buyer. The sale also transfers all related liabilities and is contingent on shareholder and regulatory approvals. Post-sale, the company plans to seek new acquisition or merger opportunities to enhance shareholder value.

For further insights into TSE:RRL stock, check out TipRanks’ Stock Analysis page.

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