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Rex in deal to merge assets in Trinidad

Singapore

REX International Holdings - through wholly owned Rex Caribbean Holding Limited (BVI) or RCH - has entered into an agreement with two parties to merge their oil-related assets in Trinidad under a new entity Steeldrum Oil Company.

The other two parties in the merger of the Trinidad oil exploration and production interests are Norwegian company West Indian Energy Holding (WIEH) and GELCO Energy Inc.

RCH's interests - in Cory Moruga and South Erin Block assets and an unaudited net tangible asset...

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