March 14 (Reuters) - Cub Energy Inc KUB.V :
* Says wholly-owned subsidiary, tysagaz llc, has been granted a production
licence with additional acreage in western ukraine
* Says new production licence replaces the previously issued 5-year special
permit for exploration
* Says new uzhgorod licence covers approximately 75,000 acres, which is a 50%
increase from its original size of 50,000 acres
* To fund development on new expanded production licence, co is exploring its
alternatives, including potential joint venture partners
* Source text for Eikon ID:nMKW8yh9wa
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