Brief: Pioneer Resources Says Novo Resources Entered Agreement With Sumitomo Corp
11/06/2019 02:07
June 11 (Reuters) - Sumitomo Corp 8053.T :
* NOVO RESOURCES ENTERED INTO A US$30 MILLION FARMIN AND
JOINT
VENTURE AGREEMENT WITH SUMITOMO CORP & ITS WHOLLY-OWNED
AUSTRALIAN UNIT
* PIONEER RETAINS 30% FREE-CARRIED INTEREST IN KANGAN
PROJECT WITH
NOVO & SUMITOMO TO COLLECTIVELY HAVE RIGHT TO EARN A 70%
INTEREST
* DEAL IN ORDER TO ADVANCE NOVO'S EGINA PROJECT LOCATED
APPROXIMATELY 80 KM SOUTH-SOUTHWEST OF PORT HEDLAND, WA
Source text for Eikon: ID:nASX6LBlWF
Further company coverage: 8053.T
((Reuters.Briefs@thomsonreuters.com;))
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