Brief: Octo To Buy MGA From ECR Minerals
23/12/2024 07:28
Dec 23 (Reuters) - ECR Minerals PLC ECRE.L :
* ENTERED NON-BINDING TERMS WITH OCTO HOLDINGS PTY REGARDING
PROPOSED SALE OF SHARE CAPITAL OF UNIT MERCATOR GOLD AUSTRALIA
* TOTAL CASH CONSIDERATION TO BE PAYABLE OF A$4.5 MILLION
* OCTO HAS AGREED TO ACQUIRE MGA ON A CASH-FREE AND
DEBT-FREE
BASIS
Source text: ID:nRSW0896Ra
Further company coverage: ECRE.L
((Reuters.Briefs@thomsonreuters.com;))