Brief: Typhoon Announces The Signature Of A Letter Of Intent To Acquire 100 PCT Of The Fayolle Project

Goldflare Exploration

17/09/2018 22:05

Sept 17 (Reuters) - Typhoon Exploration Inc  TYP.V :
    * TYPHOON ANNOUNCES THE SIGNATURE OF A LETTER OF INTENT TO
ACQUIRE
100 PCT OF THE FAYOLLE PROJECT
    * TYPHOON EXPLORATION-HECLA AGREED, ON NON-BINDING BASIS TO
SELL,
& TYPHOON AGREED, ON NON-BINDING BASIS, TO BUY HECLA'S 50 PCT
INTEREST IN FAYOLLE PROPERTY
    * TYPHOON EXPLORATION - HECLA MINING HOLDS 8.7 MILLION
SHARES OF
CO, REPRESENTING ABOUT 22.32 PERCENT OF ISSUED AND OUTSTANDING
COMMON SHARES
    * TYPHOON EXPLORATION - AGREED, ON NON-BINDING BASIS, TO BUY
HECLA'S 50 PCT INTEREST IN FAYOLLE PROPERTY, IN CONSIDERATION OF
C$3 MILLION CASH

Source text for Eikon:  ID:nGNX8T5m12 
Further company coverage:  TYP.V 

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