Societe Miniere Sphinx (VSE) is diversifying into oil and gas. President Michel David said his company has bought (subject to regulatory approval) a 15% interest in a gas recompletion well in Alberta from Kelan Resources and Consolidated Golden Lion Resources. Sphinx, which will issue 100,000 shares to each of the two companies for its 15% interest, operates a heap leach gold project in Quebec and recently became involved in a synthetic quartz manufacturing venture in the same province.
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