Brief: Iberian Minerals announces arrangement agreement to approve spin-out of x-leach reagent technology

Regenx Tech

25/01/2017 13:30

Jan 25 (Reuters) - Iberian Minerals Ltd  IML.V  
    * Iberian Minerals announces arrangement agreement, special 
meeting to approve the spin-out of x-leach reagent technology, 
and interim order for plan of arrangement 
    * Iberian Minerals - Iberian will carry out previously 
announced spin-out of its x-leach reagent technology to 
EnviroLeach Technologies Inc 
    * Iberian Minerals Ltd - under terms of agreement Iberian 
shall transfer technology to EnviroLeach in exchange for 28 
million common shares of enviroleach 
    * Iberian Minerals - under agreement shall transfer 
technology to EnviroLeach also in exchange for promissory note 
of $1.6 million by EnviroLeach in favour of co 
 
Source text for Eikon:  ID:nMKW8BkWva  
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