Aug 11 (Reuters) - Octant Energy Corp OELh.V :
* Announces details of transaction with imara energy corp
* Says Octant will acquire all of the outstanding shares of Imara
* Purchase price for common shares of imara will be satisfied by issuance of
16.3 million common shares of Octant at a deemed price of $0.10 per share
* Says imara's primary asset is a 100% interest in a 11,692 sq km oil and gas block in Kenya's onshore lamu basin
* Source text for Eikon ID:nCCN3G6kzJ
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