Brief: Strandline Resources Says Strandline Agrees To Sell Tanzanian Mineral Sands Assets
20/05/2024 02:10
May 20 (Reuters) - Strandline Resources Ltd STA.AX :
* STRANDLINE AGREES TO SELL TANZANIAN MINERAL SANDS ASSETS
* PROPOSED DEAL FOR TOTAL CONSIDERATION OF ABOUT A$43
MILLION
* TO SELL TANZANIAN MINERAL SANDS PROJECTS TO A UNIT OF
SHENGHE
RESOURCES HOLDING
* CONSIDERATION RECEIVED TO BE APPLIED TO REPAY EXISTING
SUPER
SENIOR INDEBTEDNESS & WORKING CAPITAL
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