Brief: Baker Steel Agrees To Invest $3 Mln Into Azarga Metals Corp

Azarga Metals

14/02/2019 17:29

Feb 14 (Reuters) - Baker Steel Resources Trust Ltd  BSRT.L :
    * BAKER STEEL RES TST  - AGREEMENT TO INVEST US$3M INTO
AZARGA
METALS CORP
    * BAKER STEEL RESOURCES - AGREED TO INVEST $3M INTO TSXV
LISTED
AZARGA METALS VIA 4 YEAR TERM 8% SECURED CONVERTIBLE LOAN,
CONVERTIBLE AT C$0.14/SHARE
    * BAKER STEEL - AZARGA TO USE PROCEEDS FOR SECOND-PHASE
DRILLING,
EXPLORATION TO INCREASE EXISTING RESOURCE ESTIMATE OF UNKUR
COPPER-SILVER PROJECT
    * BAKER STEEL RESOURCES TRUST LTD - INVESTMENT VALUES AZARGA
METALS AT US$9.0M ON A PRE-MONEY BASIS

Source text for Eikon:  ID:nRSN0763Qa 
Further company coverage:  BSRT.L 

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