Brief: Calibre And Rio Tinto Exploration Enter Into $45 Million Earn-In Agreement

Calibre Energy

24/02/2020 12:17

Feb 24 (Reuters) - Calibre Energy Inc  CABE.PK :
    * CALIBRE AND RIO TINTO EXPLORATION ENTER INTO AGREEMENTS:
$45
MILLION EARN-IN AGREEMENT FOR 100%-OWNED BOROSI PROJECTS; AND
STRATEGIC EXPLORATION ALLIANCE FOR NICARAGUA
    * CALIBRE ENERGY INC - RIO TINTO CAN EARN UP TO A 75%
INTEREST IN
CALIBRE'S 100%-OWNED BOROSI PROJECTS IN NORTHEAST NICARAGUA
    * CALIBRE ENERGY INC - RIO TINTO HAS RIGHT TO INSTRUCT CO TO
ACQUIRE SELECTED ALLIANCE PROPERTIES AND WILL FUND ACQUISITION
OF THOSE PROPERTIES

Source text for Eikon:  ID:nGNX4FpHjh 
Further company coverage:  CABE.PK 

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