Brief: EQ Resources Acquires Cronimet's 50% Joint Venture Interest In MT Carbine Tungsten Operation

EQ Resources

18/10/2023 02:17

Oct 18 (Reuters) - EQ Resources Ltd  EQR.AX :
    * ACQUIRES CRONIMET'S 50% JOINT VENTURE INTEREST IN MT
CARBINE
TUNGSTEN OPERATION
    * TO ISSUE NEW ORDINARY SHARES AT A$0.09 PER SHARE TO
CRONIMET
    * TO ISSUE NEW ORDINARY SHARES EQUAL TO A TOTAL OF USD 7.5
MILLION
    * ASSUMES ALL OFFTAKE OBLIGATIONS FOR CONCENTRATE SUPPLY
FROM MT
CARBINE TO CRONIMET

Source text for Eikon:  ID:nASX7rNP01 
Further company coverage:  EQR.AX 

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