On 15 September 2014 the Board of HRL Holdings Limited (previously, Hot Rock Limited) (ASX: HRL) were pleased to advise that the shareholders of both OCTIEF Pty Ltd and HRL Holdings Limited voted in favor of merging the two companies.
The transaction will see HRL acquire a profitable business with significant growth potential, supplementing its existing exposure to the clean energy industry through the exploration and development of its geothermal projects in Victoria.
The listing of OCTIEF on the Australian Securities Exchange will allow OCTIEF to further expand its business through an enhanced public profile and greater access to capital markets.
The Board of HRL Holdings Limited are confident the new merged entity will be beneficial in improving shareholder value whilst improving the service capabilities of OCTIEF.
Visit HRL Holdings at www.hrlholdings.com