	inverness buys assets from parent silverton inverness petroleum ltd said it uired the oil and gas assets of its controlling shareholder silverton resources ltd for mln dlrs effective march inverness said it issued class a convertible retractable redeemable preferred shares in exchange for the assets which include all silverton s oil and gas properties undeveloped acreage and its shares of australian subsidiary s r l exploration pty ltd the preferred shares were immediately retracted for cash the company said the transaction resulted in a discharge of silverton s bank debt of mln dlrs and a three mln dlr loan to inverness from silverton inverness said as a result of the uisition inverness has bank debt of mln dlrs it said reuter 
