January 5, 2017 / 5:52 AM / in 7 months

BRIEF-New Horizon Coal signs deals to acquire oil and gas projects in the U.S.

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Jan 5 (Reuters) - New Horizon Coal Ltd

* Signed two conditional agreements to acquire two Texas, USA oil and gas projects

* Total combined purchase price for projects is US$1.5 mln cash plus 240mln shares and 240 mln performance rights post consolidation

* Renounceable rights issue to NHO's shareholders to raise up to approximately A$18.9 million Source text for Eikon: Further company coverage:

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