The junior market oil and gas firm is selling another set of legacy assets and it confirmed boardroom changes after Friday's AGM.
(), on Friday, revealed that it has agreed to sell its wholly owned subsidiary AstroInvest Ukraine LLC for US$1.2mln.
The company highlights that this latest deals means it has agreed to sell up to US$4mln in recent weeks.
READ: Cadogan agrees US$2.8mln Gazvydobuvannya sale
In a separate statement, following Friday’s general meeting, the company confirmed that Fady Khallouf will succeed Guido Michelotti as the company’s chief executive.
Additionally, Lilia Jolibois and Jacques Mahaux have also been appointed to the board as directors.
Adelmo Schenato and Enrico Testa have been removed as directors of the company, and Zev Furst has tendered his resignation with effect from 13 December.
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