Brief: Sky Ridge says enters LOI to buy Southern Arc Minerals Japan

Japan Gold

06/07/2016 14:03

July 6 (Reuters) - Sky Ridge Resources Ltd  SYRh.V  
    * Entered letter of intent effective July 4, pursuant to 
which co has agreed to acquire Southern Arc Minerals Japan Kk 
(samj) 
    * In exchange for its ownership of SAMJ, Southern Arc will 
receive 50 million pre-consolidation common shares of company 
    * Intends to complete private placement financing involving 
issuance of 25 million pre-consolidation common shares for  
$0.20/share 
 
Source text for Eikon:  ID:nCNWFZyB8a  
Further company coverage:  SYRh.V