Brief: Calidus enters joint venture with Novo Resources
Sept 20 (Reuters) - Calidus Resources Ltd CAI.AX :
* Calidus to enter joint venture with Novo resources
* Consideration to Novo is 20 million shares & expenditure
commitment of $2 million over 3 years
* Co to have right to buy 70 pct interest in certain
exploration & prospecting licences held by Novo
Source text for Eikon: urn:newsml:reuters.com:*:nASX28X4dQ
Further company coverage: CAI.AX
(bangalore.newsroom@thomsonreuters.com)
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