Agriterra Ltd to acquire, in principle, Equatorial Biofuels (Guernsey) Limited (’EBF’), the palm oil developer, from Equatorial Palm Oil Plc (’EPO’).The expected payment is  approximately US$12 million, to be satisfied by a cashing out US$2.5 million and the allotment of 110,000,000 Ordinary Shares in the Company.

Agriterra,whose African startegy consists of  acquiring or investing in businesses operating in the agricultural sector of Africa , sees that there is potential for early cash flow from EBF from the reactivation of a portion of  the more than 169,000 hectares available  in Liberia, West Africa.

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