Brief: Compass Gold Signs letter of intent to acquire Sikasso Gold assets in Mali

Compass Gold

13/07/2017 14:00

July 13 (Reuters) - Compass Gold Corp  CVBh.V : 
    * Compass Gold signs letter of intent to acquire Sikasso 
Gold assets in Mali 
    * Compass Gold Corp - as part of acquisition, company will 
complete a 5:1 consolidation of its shares 
    * Compass Gold Corp - compass will acquire all MGE shares 
from MGE shareholders on a 0.6:1 basis 
    * Compass Gold Corp - Compass has also agreed to pay up to 
$50,000 in transaction costs incurred by MGE or MGE shareholders 
in connection with deal 
    * Compass Gold- co will acquire all MGE shares from MGE 
shareholders on 0.6:1 basis, result in issuance of aggregate of 
12 million post-consolidation shares 
    * Compass Gold Corp - Co and Mali Gold Exploration Pty Ltd 
have entered into a binding letter of intent dated July 13, 2017 
    * Compass Gold-co to acquire all of issued and outstanding 
shares of MGE in exchange for issuance of postconsolidation 
shares of co to shareholders of MGE 
 
Source text for Eikon:  ID:nCCN4ZKw3a  
Further company coverage:  CVBh.V  
 
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