Brief: Auplata Announces Amendment To Letter Of Intent Signed With Element ASA

Auplata Mining SA

07/06/2018 07:12

June 7 (Reuters) - AUPLATA SA  ALAUP.PA :
    * AMENDMENT TO LETTER OF INTENT SIGNED WITH ELEMENT ASA
    * JV FORMED BY COS WILL NOW ACQUIRE HOLDING COMPANY IN
LUXEMBOURG,
WHOSE SOLE ASSET WILL BE OSEAD MAROC MINING (OMM)
    * PRICE FOR ACQUIRING HOLDING CO WILL BE EUR 51.9 MILLION
VERSUS
INITIAL PRICE OF EUR 82.9 MILLION FOR DIRECTLY ACQUIRING 100
PERCENT OF OMM
    * FOLLOWING OPERATION AUPLATA AND ELEMENT ASA WILL EACH HOLD
50
PERCENT OF HOLDING CO

Source text for Eikon:  ID:nACT53686 
Further company coverage:  ALAUP.PA 

 (Gdynia Newsroom:)
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;))