Brief: Top Strike Resources says entered LoI with Phytopharma International Ltd
06/02/2017 14:05
Feb 6 (Reuters) - Top Strike Resources Corp TSRh.V
* Top Strike Resources Corp - announce that it has entered
into a letter of intent dated February 1, 2017 with Phytopharma
International Ltd
* Top Strike Resources - will pay $40 million pursuant to
transaction payable by way of 320 million common shares of top
strike at c$0.125 per Top Strike share
* Top Strike - upon completion of transaction, assuming
gross proceeds of C$10 million on financing, co shareholders
will own about 3.9 pct equity of entity
Source text for Eikon: ID:nCCN8vN5Wt
Further company coverage: TSRh.V
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