Brief: Comet Resources Says Co Acquired Strategic Queensland Copper Project From Glencore
16/09/2022 02:37
Sept 16 (Reuters) - Comet Resources Ltd CRL.AX :
* COMET ACQUIRES STRATEGIC QLD COPPER PROJECT FROM GLENCORE
* ACQUISITION OF STRATEGIC QUEENSLAND COPPER PROJECT FROM
GLENCORE
* TO ACQUIRE 100% OF MT MARGARET COPPER PROJECT FROM
GLENCORE
UNDER IMPROVED TRANSACTION TERMS
* WILL NOW RAISE A$27M TO FUND ACQUISITION AND INITIAL
POST-ACQUISITION PRE- DEVELOPMENT ACTIVITIES
* GLENCORE NOW TO PROVIDE 3-YEAR LOAN OF A$27M TO COMET
* QUEENSLAND COPPER PROJECT HAS SIGNIFICANT POTENTIAL FOR
RESOURCE
GROWTH THROUGH FURTHER EXPLORATION
* CONSIDERATION FOR ACQUISITION OF MINERALS MINING AND
METALLURGY
LTD SHARES IS 73.6 MILLION CRL SHARES
Source text for Eikon: ID:nASX4hyXdH
Further company coverage: CRL.AX
((Reuters.Briefs@thomsonreuters.com;))
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