Linc Energy Ltd (ASX:LNC) Makes Strategic US Coal Acquisition Of Gas Tech Inc.

  Brisbane, Australia, Dec 3, 2008 - (ABN Newswire) - Linc Energy Ltd (ASX:LNC)(PINK:LNCYF) announced today that it has signed a Letter of Intent with Gas Tech Inc (GasTech), a Wyoming USA energy company, for Linc Energy to purchase 100% of GasTech's shares on issue for US & #36;50 million.Linc Energy will pay for the entire acquisition with the issuance of Linc Energy Australian Stock Exchange (ASX) listed shares at a pre-agreed price of AU & #36;4.  

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