• Israeli-Canadian explorer Adira Energy sold 50.4% of its shares to Pelagic Investments for $5.0 million, resulting in the company being controlled by Pelagic chief Prentis B. Tomlinson who also owns Pelagic Exploration based in the Cayman Islands. Concurrent with the transaction, Adira reverse-split its shares on a 3:1 basis to almost 62 million shares outstanding. Adira owns the Gabriella, Yitzhak and Samuel licenses offshore Israel.• Setting its sights on an AIM market IPO......
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