Brief: BWA Group conditionally Agrees To Buy Capital Of Kings Of The North Corp​

BWA

30/05/2019 12:40

May 30 (Reuters) - BWA Group PLC  BWAP.ISD :
    * PROPOSED ACQUISITION OF MINING RIGHTS
    * CONSIDERATION PAYABLE FOR ACQUISITION IS CAN$7.5 MILLION
(APPROXIMATELY £4.3 MILLION AT CURRENT EXCHANGE RATES).
    * CONSIDERATION EXPECTED TO BE SATISFIED BY ISSUE TO SX AND
OTHER
MINORITY VENDORS OF STERLING EQUIVALENT OF CAN$7.5 MILLION IN
NOTES
    * CONDITIONALLY AGREED TO BUY KINGS OF NORTH, A CANADIAN
MINERAL
CO OWNING OR HAVING RIGHTS TO 5 MINING PROJECTS

Source text for Eikon:  ID:nPRrUA881a 
Further company coverage:  BWAP.ISD 

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