Exploration company Aminex, has agreed to purchase the oil and gas interests of the Louisiana based Windrush Production Company, for $4 million (£2.53 million).

Aminex, which is listed on the Dublin and London Stock Exchanges, agreed the deal through its wholly owned subsidiary, Aminex USA, and is purchasing the company from Texas corporation, Gaylord Resources and the Louisiana group, Diamond D Operating.

In a statement yesterday, Aminex said the purchase would be financed through the issue of 4.146 million new ordinary shares in Aminex at 60p sterling.