Brief: RNC Minerals Exercises Purchase Option To Buy Higginsville Mill And Mining Operations
13/05/2019 12:23
May 13 (Reuters) - RNC MINERALS:
* RNC MINERALS EXERCISES PURCHASE OPTION TO ACQUIRE
HIGGINSVILLE
MILL AND MINING OPERATIONS
* RNC MINERALS - ON CLOSING, RNC WILL PAY WESTGOLD A$25
MILLION IN
CASH AND A$21 MILLION IN RNC SHARES
* RNC MINERALS - RNC EXPECTS TO FINANCE CASH COMPONENT OF
PURCHASE
PRICE WITH CASH ON HAND AND ADDITIONAL NON-DILUTIVE CAPITAL
Source text for Eikon: ID:nCNWY7ZRJa
Further company coverage: RNX.TO
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Karora Resources
See all newsBrief: Karora Resources Says Proxy Advisory Firm ISS Recommends Karora Resources Shareholders Approve The Proposed Arrangement With Westgold Resources
Brief: Karora Resources Files Management Information Circular In Connection With Proposed Arrangement
Brief: Karora Extends Fletcher Gold Zone To 800 Metres Of Strike Including Drilling Results Of 17.3 G/T Over 14.5 Metres And Clusters Of Fine Visible Gold Mineralization
Canada Research Roundup: BCE, Franco-Nevada, Thomson Reuters
Deals of the day-Mergers and acquisitions