Brief: Cub Energy wins production licence in Western Ukraine

Hemlo Mining

14/03/2016 11:33

March 14 (Reuters) - Cub Energy Inc  KUB.V : 
 * Says wholly-owned subsidiary, tysagaz llc, has been granted a production 
   licence with additional acreage in western ukraine 
 * Says new production licence replaces the previously issued 5-year special 
   permit for exploration 
 * Says new uzhgorod licence covers approximately 75,000 acres, which is a 50% 
   increase from its original size of 50,000 acres 
 * To fund development on new expanded production licence, co is exploring its 
   alternatives, including potential joint venture partners 
 
 * Source text for Eikon  ID:nMKW8yh9wa  
 
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