Brief: Saudi Arabian Mining Updates On Heads Of Terms Agreement With Ivanhoe Electric

Ivanhoe Electric

15/05/2023 13:36

May 15 (Reuters) - SAUDI ARABIAN MINING COMPANY
 1211.SE :
    * ANNOUNCES AN UPDATE ON SIGNING OF A HEADS OF TERMS
AGREEMENT
WITH IVANHOE ELECTRIC INC. (IE) TO ACQUIRE 9.9% SHARES OF COMMON
STOCK & FORMATION OF EXPLORATION JOINT VENTURE IN KINGDOM OF
SAUDI ARABIA.
    * ANNOUNCE SIGNING OF CONDITIONAL COMMON SHARES SUBSCRIPTION
AGREEMENT
    * SUBSCRIPTION WILL RESULT IN IMPLEMENTATION OF ACQUISITION
AND
FORMATION OF EXPLORATION JOINT VENTURE

Source text for Eikon:  ID:nSSEbJS2Sn 
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