Jan 11, 2007 9:33:00 AM MST
VANCOUVER (CP) _ Micron Enviro Systems Inc. has acquired a 50 per cent stake in six contiguous Athabasca oilsands properties in northern Alberta, near a package of land that Royal Dutch Shell (TSX:SHC) recently acquired for $450 million.
The acquisition is independent of the negotiations for more oilsands leases announced by Micron Enviro on Dec. 28, the company said Thursday, adding that a decision on those leases is expected before the end of January.
The six properties cover a total of about 1,540 hectares. Financial details were not revealed for the properties.