Brief: Para announces it has entered into a memorandum of understanding with the Miscon Group

Soma Gold

26/01/2017 11:00

Jan 26 (Reuters) - Para Resources Inc  PBR.V  
    * Para announces it has entered into a memorandum of 
understanding with the Miscon Group to earn up to 75% of the 
finaris mine and Lomas de Casma processing plant in Peru 
    * Says Para may earn an additional 25% interest in assets 
upon achievement of mutually agreed production goals 
    * Para Resources-If Para earns 75% interest in assets, 
Miscon will have option to sell remaining 25% ownership in 
assets to Para 
 
Source text for Eikon:  ID:nMKWT48sta  
Further company coverage:  PBR.V  
 
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