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Eden Energy spins off geothermal assets into IPO

27-February-08 by Edited announcement

Perth-based Eden Energy Ltd is planning to transfer its Australian geothermal assets to subsidiary company, Terratherma Ltd, ahead of a potential $20 million initial public offer.

Eden said Terratherma would seek an Australian Securities Exchange listing as soon as stock market conditions permit, subject to obtaining any necessary shareholder approval if required by the ASX.

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