Brief: Sama Resources binds term sheet to partner with HPX TechCo

Sama Resources

23/10/2017 18:48

Oct 23 (Reuters) - Sama Resources Inc  SME.V  
    * Says entered into a binding term sheet in view of forming 
a strategic partnership with HPX TechCo Inc 
    * Says as part of term sheet, HPX would make strategic 
investment in Sama of up to C$12.25 million 
    * Says under terms of term sheet, HPX would buy 25,000,000 
units of Co at C$0.21 per unit, resulting in total proceeds to 
Co of C$5.25 million 
    * Says HPX has ability to earn-into JV with Co to buy up to 
60% interest in Co's interest in côte d'ivoire project, 
including samapleu project 
 
Source text for Eikon:  ID:nGNXOGGHQa  
Further company coverage:  SME.V  
 
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