May 14 (Reuters) - Pantoro Ltd (PNR) :
- ACQUIRES A 50% SHARE IN CENTRAL NORSEMAN PROJECT
- PANTORO WILL FORM AN UNINCORPORATED JOINT VENTURE (UJV) WITH CENTRAL NORSEMAN GOLD CORPORATION PTY LTD AND ITS SUBSIDIARY
- DEAL FOR PURCHASE CONSIDERATION A$10 MILLION IN CASH
- PANTORO, UPON SIGNING OF AGREEMENT, WILL IMMEDIATELY TAKE MANAGEMENT CONTROL OF CNGP
- TRANSACTION WILL BE FUNDED VIA AN A$43 MILLION FULLY UNDERWRITTEN PLACEMENT, AMONG OTHER THINGS
- DEAL PURCHASE CONSIDERATION ALSO INCLUDES A$20 MILLION EQUIVALENT IN PANTORO COMMON SHARES
Source text : http://bit.ly/2LEo8JC
(([email protected];))
News: PNR Pantoro Ltd Acquires A 50% Share In Central Norseman Project
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