Brief: MRG Metals Says Entered Binding MoU With Wickbury Investments (Pvt) Ltd

MRG Metals

02/10/2023 02:00

Oct 2 (Reuters) - MRG Metals Ltd  MRQ.AX :
    * ENTERED INTO A BINDING MEMORANDUM OF UNDERSTANDING WITH
WICKBURY
INVESTMENTS (PVT) LTD
    * MOU FOR A JOINT VENTURE ON A PACKAGE OF 10 MINING LICENCES
HELD
BY WICKBURY OVER SHAWA CARBONATITE COMPLEX IN ZIMBABWE
    * WICKBURY TO RECEIVE 20 MILLION MRQ SHARES ON SIGNING OF
MOU
(STAGE 1)
    * FOLLOWING STAGE 2 DUE DILIGENCE PROCESS, JV WILL BE SETUP
UNDER
SAME TERMS AS MOU, WITH MRG HAVING RIGHT DURING STAGES 3 TO 5 TO
EARN 80%

Source text for Eikon:  ID:nASX8MyfWc 
Further company coverage:  MRQ.AX 

 ((reuters.briefs@thomsonreuters.com;))