Brief: Liberty Gold To Sell The Halilağa Porphyry Copper Gold Deposit In Turkey

Liberty Gold

12/07/2019 17:18

July 12 (Reuters) - Liberty Gold Corp  LGD.TO :
    * LIBERTY GOLD ANNOUNCES SIGNING OF DEFINITIVE AGREEMENT TO
SELL
THE HALILAĞA PORPHYRY COPPER GOLD DEPOSIT IN TURKEY
    * LIBERTY GOLD CORP - SIGNED A SHARE PURCHASE AGREEMENT FOR
SALE
OF ITS INTEREST IN HALILAĞA COPPER GOLD PORPHYRY DEPOSIT TO
CENGIZ HOLDINGS A.Ș.
    * LIBERTY GOLD CORP - CO, ITS JV PARTNER, HAVE AGREED TO
JOINTLY
SELL THEIR 100% INTEREST IN CO THAT HOLDS HALILAĞA PROJECT TO
CENGIZ FOR US$55 MILLION CASH
    * LIBERTY GOLD CORP - HALILAĞA CASH CONSIDERATION WILL BE
APPORTIONED 60% TO TECK AND 40% TO LIBERTY GOLD, PRO-RATA TO
THEIR OWNERSHIP INTERESTS
    * LIBERTY GOLD CORP - AS A RESULT OF TRANSACTION, LIBERTY
GOLD
WILL RECEIVE A TOTAL OF US$22 MILLION

Source text for Eikon:  ID:nGNX1VbTY1 
Further company coverage:  LGD.TO  TECKb.TO 

 ((Reuters.Briefs@thomsonreuters.com;))