March 23 (Reuters) - Raimount Energy Inc RMT.V
* Entered into 2 binding loi to consolidate company's
interest in garrington and woolford areas in which co currently
operates
* Company will be paying up to $1.1 million for each 25%
interest in assets
* Remains well financed to proceed with development of its
properties, with no debt and approximately $6 million in cash
* Raimount energy inc. Announces strategic acquisition
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Further company coverage: RMT.V
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