Tulla: Waratah Resources moves closer to technology acquisition

Waratah Resources (ASX:WGO) is one step closer to exiting from the resources sector after the company signed a letter of intent with Tulla Technology Pty Ltd in relation to an acquisition of a technology business.Three mineral licences in Africa are currently held by Waratah with a plan to list those assets through an AIM listing.Tulla Technology has good form adding value to businesses, selling The MAC Services Group to Oil States International in December 2010 for $651 million after three years of listing on the ASX.Waratah will look to raise some funds for working capital as part of the process. Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.