Brief: Kenadyr Mining Enters LoI For Proposed Joint Venture With Unit Of Zijin Mining Group

Algo Grande Copper

11/02/2019 13:45

Feb 11 (Reuters) - Kenadyr Mining Corp  KEN.V :
    * KENADYR MINING ENTERS LETTER OF INTENT FOR PROPOSED JOINT
VENTURE WITH GOLD MOUNTAINS ASSET MANAGEMENT LIMITED, A 100%
OWNED SUBSIDIARY OF ZIJIN MINING GROUP LTD.
    * KENADYR MINING CORP - KENADYR WOULD GRANT TO GOLD
MOUNTAINS AN
EXCLUSIVE AND SOLE OPTION TO ACQUIRE UP TO A 50% INTEREST IN
BORUBAI PROJECT
    * KENADYR MINING - GOLD MOUNTAINS TO HAVE RIGHT BUT NOT
OBLIGATION
TO FUND/DIRECTLY INCUR NOT LESS THAN $10 MILLION IN EXPLORATION
EXPENDITURES ON PROJECT

Source text for Eikon:  ID:nGNX2VqK2h 
Further company coverage:  KEN.V 

 ((Reuters.Briefs@thomsonreuters.com;))