Brief: Kopore Metals Enters Binding Term Sheet To Aid Ongoing Exploration At Co’S Virgo Project

Barys Resources

25/03/2021 01:22

March 25 (Reuters) - Kopore Metals Ltd  KMT.AX :
    * ENTERED BINDING TERM SHEET TO ASSIST WITH ONGOING
EXPLORATION AT
CO’S VIRGO PROJECT IN THE REPUBLIC OF BOTSWANA
    * ARC MINERALS TO BUY 75% INTEREST IN KOPORE'S VIRGO PROJECT
IN
BOTSWANA FOR £1.2 MILLION IN ARC SHARES
    * ARC HAS OPTION TO BUY REMAINING 25% FOR US$5 MILLION IN
CASH OR
ARC SHARES
    * ARC CAN BUY BACK ROYALTY FOR US$5 MILLION

Source text for Eikon:  ID:nASX2mSd0s 
Further company coverage:  KMT.AX 

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