Brief: East Africa Metals Agrees To Move Forward On Harvest Project Acquisition
24/02/2020 08:12
Feb 24 (Reuters) - East Africa Metals Inc EAM.V :
* EAST AFRICA METALS AND SINO UNION ENERGY GROUP AGREE TO MOVE FORWARD ON HARVEST PROJECT
ACQUISITION AND A $3,000,000 PRIVATE PLACEMENT
* AGREEMENT WITH SINO UNION ON BINDING LETTER OF INTENT TO BUY MAJORITY OWNERSHIP STAKE IN
HARVEST
PROJECT
* SINO UNION WILL BUY 55% INTEREST OF HARVEST PROJECT BY MAKING A CASH PAYMENT OF USD$500K
Source text for Eikon: ID:nCNWTJcbva
Further company coverage: EAM.V
((Reuters.Briefs@thomsonreuters.com;))
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