Brief: Serengeti signs definitive agreement with POSCO Daewoo

Northwest Copper

26/10/2017 12:30

Oct 26 (Reuters) - Serengeti Resources Inc  SIR.V  
    * Serengeti reports signature of a definitive agreement with 
POSCO Daewoo for the Kwanika project 
    * Serengeti Resources- PDC agreed to fund $7 million into 
kcc and as a result of its cash contribution, will receive a 
total of 8.2 million common shares of kcc 
    * Serengeti Resources Inc - Serengeti will contribute its 
95% participating interest in project to KCC, in exchange for 
15.2 million common shares of KCC 
    * Serengeti Resources - entered into, signed a binding 
share subscription agreement and settled terms of definitive 
shareholders joint venture agreement 
 
Source text for Eikon:  ID:nCCNR73nra  
Further company coverage:  SIR.V  
 
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