Persian Gold shareholders have approved the deal to buy Hydrocarbon Exploration and have also approved a name change of the company to Clontarf Energy.
The AIM-listed gold and precious metals explorer held its EGM in London today. The company said it will start trading as Clontarf Energy in the coming days.
It said it expects the purchase of Hydrocarbon Exploration will be completed by April 5, following court approval. Trading in the enlarged Clontarf Energy is set to start on April 6 on London's AIM.
HyEx holds the US and Bolivian assets of Pan Andean Resources which were bought by Petrominerales in 2010. It has since bought two exploration blocks in Peru and has taken a 30% interest in a site in Ghana.
Clontarf Energy will focus on operations in Ghana, Peru, the US and Bolivia. Persian Gold's gold and copper projects in Iran will be retained.
