Brief: NSX Says Signs JV Term Sheet For New Securities Exchange In Ksa

NSX

13/10/2022 09:18

Oct 13 (Reuters) - NSX  NSX.AX :
    * SIGNS JV TERM SHEET FOR NEW SECURITIES EXCHANGE IN KSA
    * AJLAN & BROS MINING CO & CO SIGNED A TERM SHEET FOR A JV
AGREEMENT
    * TERM SHEET FOR JOINT VENTURE AGREEMENT FOR PURPOSE OF
ESTABLISHING KINGDOM OF SAUDI ARABIA METAL AND MINING EXCHANGE
    * ABM WILL SUBSCRIBE FOR 80% AND NSX FOR 20% OF THE CAPITAL
OF THE
EXCHANGE
    * IN TERM SHEET, ON BEHALF OF NEW EXCHANGE, ABM WILL ISSUE
US$2.5M
PURCHASE ORDER TO NSX

Source text for Eikon:  ID:nASX9fNXDv 
Further company coverage:  NSX.AX 
 ((Reuters.Briefs@thomsonreuters.com;))