Aldershot Resources Ltd saidit signed an interim agreement to acquire 100 pct of the
outstanding shares of Intracoastal Refining Inc of Conroe,
Texas.
    Aldershot will pay a certain number of shares of common
stock based on book value, and up to a maximum of one mln
shares under a formula linked to the next five years' pre-tax
net revenues.
    The transaction is subject to completion of a definitive
agreement and to regulatory approval.
 Reuter
