Brief: CGN Mining says entered into the LOI with fission

CGN Mining

21/12/2015 23:55

Dec 22 (Reuters) - CGN Mining Co Ltd  1164.HK : 
 * Inside information letter of intent in relation to a possible acquisition and 
major transaction in relation to the acquisition of 19.99% equity interest in 
fission  1164.HK  
 * Says company entered into the loi with fission in relation to the acquisition 
 * Says form and main terms of the transaction agreements are settled and 
finalised and will not be changed without the consent of both parties 
 * Says intend to enter into the transaction agreements on or before the signing 
deadline 
 * Says company and fission will deposit CDN$3 million on or prior to 21 
December 2015 with counterparty's legal counsel 
 * Cgn mining co - following the completion of the acquisition, the company will 
hold approximately 19.99% of the equity interest in fission 
 * Cgn mining co - all of the subscription price will be funded by its internal 
resources taking into account the sufficiency of its working capital 
 
 * Source text for Eikon  ID:nHKS8x6crG  
 
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