Friday, November 11, 2011

Bontan provides updates on Shaldieli Deal

TORONTO, Nov. 11, 2011 /PRNewswire/ - Bontan Corporation Inc. (OTCBB: BNTNF) has learnt that Shaldieli Inc. reported to the Israeli Securities and Exchange Commission on November 8, 2011 that it had completed its previously announced transaction pursuant to which it allotted 144,821,469 shares to IPC Cayman representing approximately 90% of Shaldieli's share capital (subject to further dilution) in exchange for IPC Cayman's 50% equity in IPC Oil & Gas (Israel) Limited Partnership ("IPC Israel"). ...continued
    

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