Brief: Emerita enters into agreements to acquire the Salobro Zinc project in Brazil

Emerita Resources

14/07/2017 14:19

July 14 (Reuters) - Emerita Resources Corp  EMO.V : 
    * Emerita enters into agreements to acquire the Salobro Zinc 
project in Brazil 
    * Emerita Resources Corp - pursuant to definitive 
agreement, Emerita agrees to pay USD$6.5 million in cash to 
Vale 
    * Emerita Resources Corp - cash payments will be made by 
Emerita over seven 7 years 
    * Emerita Resources - entered definitive agreement with 
Vale S.A., IMS Engenharia Mineral Ltda under which co has agreed 
to acquire Salobro Zinc project 
    * Emerita - co to initially own 75 percent of Purchaseco 
with exclusive right to acquire remaining 25 percent interest of 
Purchaseco from IMS at its sole option 
 
Source text for Eikon:  ID:nCCNHGjVMa  
Further company coverage:  EMO.V  
 
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