Brief: Galileo Resources To buy Further 29% Stake In BCV

Galileo Resources

10/08/2022 12:51

Aug 10 (Reuters) - Galileo Resources PLC  GLR.L :
    * GALILEO RESOURCES  - AGREEMENT TO ACQUIRE FURTHER INTEREST
IN
BCV
    * GALILEO RESOURCES PLC - AFTER ACQUISITION, GALILEO WOULD
HOLD AN
80% INTEREST IN BC VENTURES
    * GALILEO RESOURCES PLC - CONSIDERATION SHARES WILL BE
ISSUED AT
1.2 PENCE PER SHARE
    * GALILEO RESOURCES PLC -  GALILEO TO ACQUIRE 29% STAKE IN
BC
VENTURES FOR ISSUE OF 50,000,000 GALILEO RESOURCES
    * GALILEO RESOURCES- CONSIDERATION SHARES WILL BE SUBJECT TO
A
12-MONTH LOCK UP

Source text for Eikon:  ID:nRSJ5884Va 
Further company coverage:  GLR.L 

 ((Reuters.Briefs@thomsonreuters.com;))