Brief: Luminex Resources Announces Revised Pegasus Earn-In Terms with Anglo-American
20/12/2023 12:02
Dec 20 (Reuters) - Luminex Resources Corp LR.V :
* LUMINEX RESOURCES ANNOUNCES REVISED PEGASUS EARN-IN TERMS
WITH
ANGLO-AMERICAN
* LUMINEX - ANGLO AMERICAN TO HAVE RIGHT TO EARN-IN & RETAIN
ORIGINAL 60% EARN-IN OWNERSHIP THRESHOLD BY SPENDING US$15M MORE
THAN EXPENDITURES TO DATE
* LUMINEX RESOURCES CORP - WILL ALSO BE OWED US$3.9M BY WAY
OF
CASH PAYMENTS TO COMPLETE EARN-IN TO 60% OWNERSHIP
Source text for Eikon: ID:nCNW4FXcNa
Further company coverage: LR.V
((Reuters.Briefs@thomsonreuters.com;))
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