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Harvest Natural sets date for shareholder vote on Petrodelta sale

  • Harvest Natural Resources (HNR +4.5%) sets May 7 for a shareholder vote on the company's proposed sale of its 20.4% ownership stake in its Petrodelta joint venture with Venezuela's PDVSA to an affiliate of Argentina's Pluspetrol Resources.
  • Cash-strapped HNR warned recently that its future liquidity depends heavily on completing the sale.
  • The deal also will require approval by local authorities in Venezuela.
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